AXT prices $87M public offering of 7.1M shares at $12.25; over-allotment fully exercised for $13M additional

AXT INC

Underwriting agreement for 7,098,492 common shares at $12.25/share; gross proceeds ~$87M from base offering.
Underwriters fully exercised over-allotment option for 1,064,773 additional shares, raising ~$13M more, total gross ~$100M.
Net proceeds to increase indium phosphide substrate capacity at Beijing Tongmei Xtal, R&D, and working capital.
Offering expected to close December 30, 2025; executives and directors subject to 60-day lock-up.
Northland Securities sole bookrunner; Wedbush and Craig-Hallum co-managers.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AXT INC entered into Underwriting Agreement with Northland Securities, Inc., as representative of the underwriters valued at approximately $87 million (effective 2025-12-29).

Action: entry
Agreement: underwriting
Counterparty: Northland Securities, Inc., as representative of the underwriters
Value: approximately $87 million
Effective: 2025-12-29

Exact text from the filing

On December 29, 2025, AXT, Inc., a Delaware corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Northland Securities, Inc., as representative of the underwriters named therein (the “Underwriters”) related to the offer and sale of shares of the Company’s common stock (the “Offering”).

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299 material agreements filed in the last 30 days. Browse all material agreements →

AXT INC filing history →

Source: SEC EDGAR

accession 0001213900-25-126296

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