Key facts: AXT Inc. announces $87M stock offering; boosts production plans
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AXT plans to use funds from its public offering to boost production at Beijing Tongmei Xtal Technology, focusing on indium phosphide substrates for export and R&D.12AXT Inc. has announced a public offering of common stock totaling $87 million, consisting of 7,098,492 shares priced at $12.25 each, following a prior filing aimed at institutional investors.3
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