AXT, Inc.（AXTI）资讯与事件AXTIAXT, Inc.

AXT Subsidiary Secures Minimum RMB 1.912 Billion Financing

AXT, Inc. announced that its majority-owned subsidiary, Beijing Tongmei Xtal Technology, has entered into definitive agreements for a private equity financing to fund further expansion of its manufacturing capacity for indium phosphide semiconductor substrates, expansion of its principal business operations, capital expenditures and general working capital. The financing agreements provide for a private equity investment in Tongmei by certain institutional investors of a minimum of RMB 1,912,350,000 and up to a maximum of RMB 3,668,639,053.25 in the ordinary shares of Tongmei. The closing of the financing is subject to a number of customary conditions, including, but not limited to, receipt of required filings from the applicable governmental authorities, and is expected to occur in December 2026. Assuming the Maximum Amount of the investment, AXT expects to maintain control, own approximately 73.40% of Tongmei following the consummation of the transaction and continue to consolidate Tongmei in its financial statements. There can be no assurance that the financing will close.

AXT Inc. Stock Rises 14% to $58.66

AXT Inc. is up 14.0%, or $7.19 to $58.66.

AXT Inc. Stock Rises 8.8% to $56.00

AXT Inc. is up 8.8%, or $4.53 to $56.00.