{"id":"tp-42801","type":"article-newspaper","title":"AXT Subsidiary Agrees to Equity Financing of Up to About $545 Million","author":"John Kim","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/business/42801","datePublished":"2026-10-28T18:04:46.000Z","dateModified":"2026-10-28T18:04:46.000Z","language":"en","abstract":"The private financing ranges from approximately $285 million to $545 million. AXT separately agreed to subscribe for Tongmei shares for the renminbi equivalent of $400 million.","section":"Business","references":[{"title":"potential exposure to China's demand for optics and faster networks","url":"https://www.tokenpost.com/news/investing/28056"}]}