SCHEDULE 13G/A
0000919574-24-005896
0001604742
XXXXXXXX
LIVE
1
Common Stock, par value $0.001 per share
03/31/2025
0001051627
AXT, Inc.
00246W103
4281 Technology Dr.
Fremont
CA
94538
Rule 13d-1(c)
Cleveland Capital Management, L.L.C.
b
DE
0.00
3050000.00
0.00
3050000.00
3050000.00
N
6.7
IA
OO
Cleveland Capital, L.P.
b
DE
0.00
3050000.00
0.00
3050000.00
3050000.00
N
6.7
PN
Wade Massad
b
X1
111000.00
3050000.00
111000.00
3050000.00
3161000.00
N
6.9
HC
IN
John Shiry
b
X1
0.00
3050000.00
0.00
3050000.00
3050000.00
N
6.7
HC
IN
AXT, Inc.
4281 TECHNOLOGY DR., FREMONT, CA, 94538
Cleveland Capital Management, L.L.C.
Cleveland Capital, L.P.
Wade Massad
John Shiry
Cleveland Capital Management, L.L.C.
1250 LINDA ST., SUITE 304, ROCKY RIVER, OH, 44116
Cleveland Capital, L.P.
1250 LINDA STREET, SUITE 304, ROCKY RIVER, OH, 44116
Wade Massad
1250 LINDA STREET, SUITE 304, ROCKY RIVER, OH, 44116
John Shiry
1250 LINDA ST., SUITE 304, ROCKY RIVER, OH, 44116
Cleveland Capital Management, L.L.C. - Delaware
Cleveland Capital, L.P. - Delaware
Wade Massad - United States
John Shiry - United States
Y
Cleveland Capital Management, L.L.C. - 3,050,000
Cleveland Capital, L.P. - 3,050,000
Wade Massad - 3,161,000
John Shiry - 3,050,000
Cleveland Capital Management, L.L.C. - 6.7%
Cleveland Capital, L.P. - 6.7%
Wade Massad - 6.9%
John Shiry - 6.7%
Cleveland Capital Management, L.L.C. - 0
Cleveland Capital, L.P. - 0
Wade Massad - 111,000
John Shiry - 0
Cleveland Capital Management, L.L.C. - 3,050,000
Cleveland Capital, L.P. - 3,050,000
Wade Massad - 3,050,000
John Shiry - 3,050,000
Cleveland Capital Management, L.L.C. - 0
Cleveland Capital, L.P. - 0
Wade Massad - 111,000
John Shiry - 0
Cleveland Capital Management, L.L.C. - 3,050,000
Cleveland Capital, L.P. - 3,050,000
Wade Massad - 3,050,000
John Shiry - 3,050,000
Y
N
All of the securities reported in this Schedule 13G are owned by an advisory client of Cleveland Capital Management, L.L.C., and by one of its control persons.
N
Please see Exhibit B attached hereto.
Y
Y
N
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
Exhibit A - Joint Filing Agreement
Exhibit B - Control Person Identification
Cleveland Capital Management, L.L.C.
By: /s/ Wade Massad
Wade Massad/Managing Member
05/15/2025
Cleveland Capital, L.P.
By: /s/ Wade Massad
Wade Massad/Managing Member
05/15/2025
Wade Massad
By: /s/ Wade Massad
Wade Massad
05/15/2025
John Shiry
By: /s/ John Shiry
John Shiry
05/15/2025
* Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.