Corporate ActionMay 14, 2026, 04:16 PM
Applied Optoelectronics to Sell Up to $600M in Common Stock
AI Summary
Applied Optoelectronics, Inc. entered into an Equity Distribution Agreement with Raymond James & Associates, Inc. and Needham & Company, LLC. This agreement allows the company to issue and sell shares of its common stock with an aggregate offering price of up to $600 million through "at the market" offerings. The sales agents will receive a 2% commission on gross sales, and the company has no obligation to sell any shares.
Key Highlights
- Entered Equity Distribution Agreement to sell up to $600 million of common stock.
- Sales to be made "at the market" through Raymond James & Associates and Needham & Company.
- Sales agents to receive compensation of 2% of the gross sales price.
- Company to reimburse sales agents for certain expenses up to $10,000.
- Company may reimburse sales agents for out-of-pocket expenses up to $30,000 under certain termination conditions.
- Shares to be issued and sold have been registered under Form S-3ASR.