ATLANTA, GA – – (Globe Newswire – May 7, 2024) – – A shareholder class action lawsuit has been filed against AXT, Inc. (“AXT” or the “Company”) (NASDAQ: AXTI). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company’s business, operations, and prospects, including allegations that: (1) AXT overstated its property holdings; (2) the Company did not disclose that the attempted listing of an AXT subsidiary in China had reportedly failed; (3) AXT routinely engaged in environmental violations and unsafe business practices; and (4) AXT’s production declined in 2023.

If you bought AXT shares between March 24, 2021 and April 3, 2024, and suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at, by toll-free telephone at (888)-508-6832 or, you may visit the firm’s website at to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is July 5, 2024.

Registration Deadline

Lead Plaintiff Deadline Has Passed

July 5, 2024

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