AXT prices public offering of 7,098,492 shares of common stock at $12.25/share, expecting gross proceeds of $87 million.
A company based in Fremont, California, AXT, Inc. (NasdaqGS: AXTI), known for producing compound semiconductor wafer substrates, has recently revealed the pricing details of its underwritten public offering. The offering includes 7,098,492 shares of common stock sold at $12.25 per share to the public. The expected gross proceeds from this offering are approximately $87 million for the company, excluding underwriting discounts, commissions, and other expenses related to the offering.
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