---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-126296"
form_type: "8-K"
ticker: "AXTI"
cik: "0001051627"
company_name: "AXT INC"
filed_at: "2025-12-30T23:59:59+00:00"
generated_at: "2026-05-16T11:57:25.732949+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-126296
- form_type: 8-K
- ticker: AXTI
- cik: 0001051627
- company_name: AXT INC
- filed_at: 2025-12-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051627/000121390025126296/0001213900-25-126296-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051627/000121390025126296/ea0271065-8k_axtinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-126296
- JSON: https://secwatch.observer/filing/0001213900-25-126296.json
- Plain text: https://secwatch.observer/filing/0001213900-25-126296.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1051627/000121390025126296/0001213900-25-126296-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.