AXT Announces Pricing of $87,000,000 Public Offering of Common Stock

Core Viewpoint - AXT, Inc. has announced a public offering of common stock, aiming to raise approximately $87 million through the sale of 7,098,492 shares at a price of $12.25 per share [1]. Group 1: Company Details - AXT, Inc. is a leading manufacturer of compound semiconductor wafer substrates [1]. - The public offering is underwritten, indicating that the shares will be sold through a financial institution that guarantees the sale [1]. Group 2: Financial Aspects - The gross proceeds from the offering are expected to be around $87 million before deducting underwriting discounts, commissions, and other expenses related to the offering [1].