AXT Signs Multiple Material Agreements
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AXT has signed an Underwriting Agreement with Northland Securities for a public offering of 7,098,492 shares at $12.25 each, with an option for 1,064,773 additional shares. The offering is set to close on December 30, 2025, with proceeds aimed at expanding capacity for indium phosphide substrates and supporting R&D. Additionally, a 60-day Lock-Up Agreement has been established with executive officers and directors to stabilize market trading during this period.
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