AXT INC SEC Filings

AXT Inc. reported that Marex Securities Products, Inc. and Marex Group plc disclosed beneficial ownership of 4,005,709 shares of common stock, representing 7.21% of the class. The filing states the reporting entities have sole voting and sole dispositive power over all 4,005,709 shares. The address and CUSIP 00246W103 are included in the filing.

AXT Inc. CEO Morris S. Young reported two charitable gifts of the company’s common stock made through the Young Family Trust. On May 1, 2026, the trust gifted 7,500 shares to a donor advised fund and 6,500 shares to a charitable foundation, for a total of 14,000 shares at a stated price of $0.00 per share, reflecting bona-fide gifts rather than market sales. These transfers are explicitly permitted under a lock-up agreement related to an underwritten public offering and that lock-up runs until June 20, 2026. After the gifts, Young continues to hold 2,261,328 shares of AXT common stock indirectly through the Young Family Trust.

AXT, Inc. reported first quarter 2026 results showing stronger revenue and a much smaller loss. Revenue reached $26.9 million, up from $19.4 million a year earlier, while the net loss attributable to AXT narrowed to $1.6 million from $8.8 million.

Gross profit improved to $8.0 million from a loss, and non-GAAP net loss was $0.6 million. Management highlighted a recently completed $632.5 million capital raise to fund Tongmei’s indium phosphide capacity expansion and new products such as 6‑inch indium phosphide substrates, targeting AI-focused data centers.

On the balance sheet, total assets were $444.6 million and AXT held $41.8 million in cash and cash equivalents plus $65.4 million in short-term investments as of March 31, 2026. The company continues to pursue a STAR Market IPO for its Tongmei subsidiary in China.

Jane Street Group and affiliated entities reported beneficial ownership of 4,781,751 shares of AXT Inc. The filing is an amended Schedule 13G/A showing Jane Street Group’s shared voting and dispositive power over 4,781,751 shares, equal to 7.5% of the class as of the cover information.

The filing breaks down affiliated holdings: Jane Street Capital, LLC reports 4,028,992 shares (6.3%), Jane Street Global Trading, LLC reports 752,759 shares (1.2%), and Jane Street Options, LLC reports 0 shares. The report is signed by Jeremy Kahn on 04/29/2026.

Jane Street Group reports passive ownership in AXT Inc. The filing discloses ownership of 2,837,432 shares of AXT Inc. common stock, representing 5.1% of the class, with shared voting and dispositive power reported. The report lists related entities Jane Street Capital, LLC, Jane Street Options, LLC, and Jane Street Global Trading, LLC as filers and identifies shared control among them.

AXT, Inc. is offering 8,560,311 shares of common stock pursuant to this prospectus supplement, with a 30-day option to purchase up to 1,284,046 additional shares. The public offering price is $64.25 per share, with estimated gross proceeds of $550.0M before underwriting discounts and expected delivery on or about April 22, 2026, subject to customary closing conditions. Net proceeds are intended to support subsidiary Tongmei’s InP capacity expansion, R&D, working capital and general corporate purposes. The prospectus highlights export-permit risks for indium phosphide substrates from China and notes that permits to ship to the United States are in final stages of review.

AXT, Inc. entered into an underwriting agreement for a public offering of 8,560,311 shares of common stock at $64.25 per share, targeting gross proceeds of about $550 million before expenses. Underwriters have a 30-day option to buy up to 1,284,046 additional shares, which would raise total gross proceeds to roughly $632.5 million.

The cash is intended mainly to fund Beijing Tongmei Xtal Technology Co., Ltd. as it expands indium phosphide substrate capacity, along with research and development, working capital and general corporate purposes. A 60-day lock-up applies to directors and executive officers, and the deal uses AXT’s automatic shelf registration on Form S-3.

AXT, Inc. released preliminary estimates for its results for the three months ended March 31, 2026. The Company anticipates revenue between $26 million and $28 million. It expects a net loss attributable to the Company between $1.6 million and $2.6 million, or a basic and diluted net loss per share between $0.03 and $0.05. These figures are based on management’s initial review and may change once full financial closing procedures are completed and the formal Form 10-Q is issued.

AXT, Inc. is offering shares of its common stock under an automatic shelf registration, via a preliminary prospectus supplement dated April 20, 2026, to certain institutional investors. The offering is subject to completion and customary closing conditions.

The company states the net proceeds will be used to support its PRC subsidiary Tongmei’s capacity expansion for indium phosphide substrates for export, for research and development, and for working capital and general corporate purposes. AXT notes all manufacturing is performed in the PRC by its PRC subsidiaries and joint ventures, and it transfers cash within the corporate structure via capital contributions, royalties/fees, transfer-pricing purchases, and dividends.

AXT discloses that Tongmei has obtained export permits for indium phosphide shipments to Europe, Japan, the UK and Canada; U.S. export permits are in final review but not yet issued. The supplement highlights legal and operational risks tied to PRC regulations, export controls including the revised Foreign Trade Law, and cautions that export-permit timing could affect revenue recognition under U.S. GAAP.