Applied Optoelectronics, Inc. (AAOI) has entered into an Equity Distribution Agreement to establish an "at-the-market" (ATM) offering program. This agreement allows the company to sell shares of its common stock, with an aggregate offering price of up to $600 million, from time to time.
Key Details
- Agreement Size: The company may issue and sell shares of common stock for an aggregate offering price of up to $600 million.
- Sales Agents: The agreement was made with Raymond James & Associates, Inc. and Needham & Company, LLC, who will act as sales agents.
- Offering Structure: Sales will be conducted as "at-the-market" offerings through the Nasdaq Global Market or other trading markets, providing the company with flexibility on the timing and size of sales.
- Agent Compensation: The sales agents will receive a commission equal to 2% of the gross sales price of the shares sold under the agreement.
- Agreement Date: The Equity Distribution Agreement was entered into on August 21, 2026.