EX-5.1 2 a06-14584_1ex5d1.htm EX-5

 

EXHIBIT 5.1

 

[Letterhead of DLA Piper Rudnick Gray Cary US LLP]

 

 

June 29, 2006

 

AXT, Inc.

4281 Technology Drive

Fremont, California 94538

 

                RE:  REGISTRATION STATEMENT ON FORM S-3

 

Ladies and Gentlemen:

 

We have acted as counsel to AXT, Inc., a Delaware corporation (the “Company”), in connection with the Registration Statement on Form S-3 (as may be further amended or supplemented, the “Registration Statement”) filed with the Securities and Exchange Commission on June 29, 2006, for the purpose of registering under the Securities Act of 1933 (the “Act”) shares of its Common Stock, par value $0.001 (the “Shares”) with an aggregate offering price of up to $25,000,000. The Shares are to be sold from time to time as set forth in the Registration Statement, the prospectus contained therein (the “Prospectus”) and any supplements to the Prospectus (the “Prospectus Supplements”). The Shares may be sold pursuant to one or more definitive underwriting, purchase or similar agreements (each, a “Purchase Agreement”) to be filed with the Securities and Exchange Commission under a Current Report on Form 8-K or by an amendment to the Registration Statement.

 

We have examined all instruments, documents and records which we deemed relevant and necessary for the basis of our opinion hereinafter expressed.  In such examination, we have assumed the genuineness of all signatures and the authenticity of all documents submitted to us as originals and the conformity to the originals of all documents submitted to us as copies.

 

Based upon the foregoing and our examination of such questions of law as we have deemed necessary or appropriate for the purpose of this opinion, and assuming issuance of the Shares in accordance with the Purchase Agreement therefore, it is our opinion that, when, as and if issued and sold by the Company, the Shares will be legally issued, fully paid and nonassessable.

This opinion is limited to the General Corporation Law of the State of Delaware, and we disclaim any opinion as to the laws of any other jurisdiction. We further disclaim any opinion as to any other statute, rule, regulation, ordinance, order or other promulgation of any jurisdiction or any regional or local governmental body or as to any related judicial or administrative opinion.

 

This opinion letter is rendered as of the date first written above and we disclaim any obligation to advise you of facts, circumstances, events or developments which hereafter may be brought to our attention and which may alter, affect or modify the opinion expressed herein. Our opinion is expressly limited to the matters set forth above and we render no opinion, whether by implication or otherwise, as to any other matters relating to the Company, the Registration Statement, the Prospectus or the Shares.

 

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to us under the caption “Legal Matters” in the Prospectus or any Prospectus Supplement.

 

Very truly yours,

 

/s/ DLA Piper Rudnick Gray Cary US LLP

 

DLA Piper Rudnick Gray Cary US LLP