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AXT prices 8,560,311-share public offering at $64.25 per share

PUBT·04/21/2026 11:00:55
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AXT prices 8,560,311-share public offering at $64.25 per share
  • AXT priced underwritten public offering of 8,560,311 common shares at USD 64.25 per share.
  • Gross proceeds expected at about USD 550 million, before fees.
  • Underwriter received 30-day option to buy up to 1,284,046 additional shares; full exercise would lift gross proceeds to about USD 632.5 million.
  • Closing expected on or about April 22, 2026, subject to customary conditions.
  • Net proceeds earmarked mainly to support Beijing Tongmei Xtal capacity expansion for indium phosphide substrates, with remainder for R&D, working capital, general corporate purposes.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AXT Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202604210700BIZWIRE_USPR_____20260421_BW731928) on April 21, 2026, and is solely responsible for the information contained therein.