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NEW YORK , May 30, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in AXT, Inc. ("AXT, Inc." or the "Company") (NASDAQ: AXTI) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of AXT, Inc. investors who were adversely affected by alleged securities fraud between March 24, 2021 and April 3, 2024 . Follow the link below to get more information and be contacted by a member of our team: https://zlk.



com/pslra-1/axt-inc-lawsuit-submission-form?prid=81932&wire=4 AXTI investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.

com or by telephone at (212) 363-7500. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) AXT, Inc. overstated its property holdings; (2) the Company did not disclose that the attempted listing of an AXT, Inc.

subsidiary in China had reportedly failed; (3) AXT, Inc. routinely engaged in environmental violations and unsafe business practices; (4) AXT, Inc.'s production declined in 2023; and (5) as a result, defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times.

WHAT'S NEXT? If you suffered a loss in AXT, Inc. during the relevant time frame, you have until July 5, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YO.

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