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Stock impact report

The Law Offices of Frank R. Cruz Announces Investigation of AXT, Inc. (AXTI) on Behalf of Investors

AXT Inc (AXTI) 
Last axt inc earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: axt.com
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of AXT, Inc. (“AXT” or the “Company”) (NASDAQ: AXTI) on behalf of investors concerning the Company’s possible violations of federal securities laws.If you are a shareholder who suffered a loss, click here to participate.On April 4, 2024, J Capital Research published a report alleging, among other things, that, while AXT announced that it would be listing its primary subsidiary in Shanghai, the Company’s IPO was blocked by Chinese regulators in March 2023, potentially due to “falsifying data, tax evasion, improper storage of hazardous chemicals, suspicious related-party transactions, IP litigation, and defaulting on wages to employees.”On this news, AXT’s stock price fell $1.73, or 34.9%, to close at $3.22 per share on April 4, 2024, thereby injuring investors.Follow us for updates on Twitter: twitter.com/FRC_LAW.If you purchased AXT securities, have information or would like to learn more abo Show less Read more
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