AXT Announces Exercise of Over-Allotment Option in Public Offering of Common Stock
AXT Inc (AXTI)
Last axt inc earnings: 4/22 04:05 pm
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US:NASDAQ Investor Relations:
axt.com
Company Research
Source: Business Wire
FREMONT, Calif.--(BUSINESS WIRE)--AXT, Inc. (NasdaqGS: AXTI) (“AXT” or the “Company”), a leading manufacturer of compound semiconductor wafer substrates, announced today that, in connection with its recently completed underwritten public offering of 8,560,311 shares of common stock, the underwriters have exercised their over-allotment option to purchase an additional 1,284,046 shares of common stock at a price to the public of $64.25 for additional gross proceeds of approximately $82.5 million, before deducting underwriting discounts and commissions and other offering expenses.As previously announced, the Company intends to use the net proceeds from the offering primarily to financially support our subsidiary Beijing Tongmei Xtal Technology Co., Ltd. in its efforts to increase its capacity to produce indium phosphide substrates for export worldwide, for research and development of new or improved products, and for working capital and for general corporate purposes.Northland Capita
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News
- AXT (AXTI) had its "outperform" rating reaffirmed by Wedbush.MarketBeat
- Tradr Launches Leveraged ETFs on AXTI, CPNG, MPWR and STX [Yahoo! Finance]Yahoo! Finance
- Tradr Launches Leveraged ETFs on AXTI, CPNG, MPWR and STXBusiness Wire
- Tradr Set to Launch Leveraged ETFs on AXTI, CPNG, MPWR and STXBusiness Wire
- AXT Inc. (AXTI) Earnings in Focus, Stock Hits All-Time High [Yahoo! Finance]Yahoo! Finance
AXTI
Earnings
- 2/19/26 - Beat
AXTI
Sec Filings
- 4/29/26 - Form SCHEDULE
- 4/29/26 - Form SCHEDULE
- 4/21/26 - Form 424B5
- AXTI's page on the SEC website