---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-022984"
form_type: "8-K"
ticker: "AXTI"
cik: "0001051627"
company_name: "AXT INC"
filed_at: "2026-07-08T13:29:29+00:00"
generated_at: "2026-07-08T13:30:05.380346+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AXT subsidiary Tongmei withdraws STAR Market IPO, triggers ~$49M redemption right for PE investors

## Summary
- On June 26, 2026, Tongmei withdrew its STAR Market IPO application; Shanghai Stock Exchange accepted on July 8, 2026.
- Tongmei raised RMB 324,404,508 (~$49M) from 11 private equity funds; withdrawal triggers redemption right at original investment amount.
- Company or Tongmei has right (but not obligation) to redeem each fund's investment; price fixed in RMB, no interest or return.
- AXT and Tongmei will pivot to a Hong Kong Stock Exchange listing, emphasizing indium phosphide (InP) business for AI data centers.
- Company states it has sufficient funds to redeem all investments in full if required.

## SEC filing metadata
- accession: 0001437749-26-022984
- form_type: 8-K
- ticker: AXTI
- cik: 0001051627
- company_name: AXT INC
- filed_at: 2026-07-08T13:29:29+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051627/000143774926022984/0001437749-26-022984-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051627/000143774926022984/axti20260629_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-022984
- JSON: https://secwatch.observer/filing/0001437749-26-022984.json
- Plain text: https://secwatch.observer/filing/0001437749-26-022984.txt

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