AXT

AXTI

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 cholzer@holzerlaw.com, by toll-free telephone at (888)-508-6832 or, you may visit the firm’s website at www.holzerlaw.com/case/axt/ 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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