---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-045867"
form_type: "8-K"
ticker: "AXTI"
cik: "0001051627"
company_name: "AXT INC"
filed_at: "2026-04-21T23:59:59+00:00"
generated_at: "2026-05-15T05:02:55.173677+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AXT prices $550M public offering of 8.56M shares at $64.25; proceeds for InP capacity expansion

## Summary
- Public offering of 8,560,311 shares at $64.25/share for ~$550M gross; underwriters have 30-day option for up to 1,284,046 additional shares.
- Net proceeds primarily to support Beijing Tongmei Xtal Technology's indium phosphide substrate capacity expansion for export, plus R&D and working capital.
- Closing expected April 22, 2026; lock-up agreements for executives and directors for 60 days after prospectus supplement.
- Northland Securities sole bookrunner; Needham, B. Riley, Craig-Hallum, Wedbush as co-managers.

## SEC filing metadata
- accession: 0001213900-26-045867
- form_type: 8-K
- ticker: AXTI
- cik: 0001051627
- company_name: AXT INC
- filed_at: 2026-04-21T23:59:59+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/1051627/000121390026045867/0001213900-26-045867-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051627/000121390026045867/ea0286957-8k_axt.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-045867
- JSON: https://secwatch.observer/filing/0001213900-26-045867.json
- Plain text: https://secwatch.observer/filing/0001213900-26-045867.txt

## Source-grounded claims
- claim_id: be0339c1ab413f10f17469997e42ac507274a941
  claim: AXT INC entered into Underwriting Agreement with Northland Securities, Inc., as representative of the underwriters named therein valued at approximately $550 million (effective 2026-04-21).
  evidence_excerpt: On April 21, 2026, 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/1051627/000121390026045867/0001213900-26-045867-index.htm

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