Axcelis faces three shareholder lawsuits over Veeco merger; voluntarily supplements proxy

AXCELIS TECHNOLOGIES INC

Three complaints filed in NY state court challenging merger disclosure adequacy; one seeks preliminary injunction.
Axcelis denies allegations but voluntarily supplements Definitive Proxy Statement to avoid potential delay or disruption.
Supplemental disclosures include background details, financial advisor analyses, and exchange ratio of 0.340x (18% premium).
UBS fee for advisory services estimated at ~$28.5M, with $3M payable upon opinion delivery and remainder contingent on merger close.
Axcelis special meeting for stockholder vote on merger scheduled for February 6, 2026.

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