AXT nabs $3.6M from share sale

January 9, 2007 – AXT Inc. says it closed a sale of an additional 862,500 shares for an overallotment option in its Dec. 19 public offering, at a price of $4.50/share. Net proceeds from the option were approximately $3.6 million, after deducting an underwriting discount and estimating offering expenses. The offering was led by Needham & Co. LLC as the sole underwriter.


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