Applied Optoelectronics enters $35M at-the-market equity distribution agreement with Raymond James

APPLIED OPTOELECTRONICS, INC.

Up to $35 million of common stock may be sold from time to time through Raymond James as sales agent.
Sales will be made in 'at-the-market' offerings under Rule 415 on Nasdaq or other trading markets.
Raymond James is entitled to compensation of up to 2% of gross sales proceeds; certain expenses reimbursed up to $10,000.
Shares are registered under shelf registration statement (No. 333-269132) effective March 21, 2023.
Company may suspend or terminate the agreement at any time; no obligation to sell any shares.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

APPLIED OPTOELECTRONICS, INC. entered into Equity Distribution Agreement with Raymond James & Associates, Inc. valued at up to $35 million (effective 2023-03-24).

Action: entry
Agreement: atm program
Counterparty: Raymond James & Associates, Inc.
Value: up to $35 million
Effective: 2023-03-24

Exact text from the filing

On March 24, 2023, Applied Optoelectronics, Inc. (the “Company”) entered into an Equity Distribution Agreement (the “Agreement”) with Raymond James & Associates, Inc. (the “Sales Agent”) pursuant to which the Company may issue and sell shares of the Company’s common stock, par value $0.001 per share (the “Shares”) having an aggregate offering price of up to $35 million from time to time through the Sales Agent.

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APPLIED OPTOELECTRONICS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-036631

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