05:01 PM EST, 11/07/2025 (MT Newswires) -- AXT (AXTI) filed a registration statement Friday with the US Securities and Exchange Commission for the potential sale of up to $100 million of securities from time to time in one or more offerings.

The filing covers common and preferred stock, debt securities, depositary shares, warrants, subscription rights, purchase contracts, and units, according to the filing.

The company said it intends to use the proceeds for working capital and for general corporate purposes.

Shares of AXT were down more than 4% in after-hours trading.