---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-036631"
form_type: "8-K"
ticker: "AAOI"
cik: "0001158114"
company_name: "APPLIED OPTOELECTRONICS, INC."
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T16:15:32.705709+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-036631
- form_type: 8-K
- ticker: AAOI
- cik: 0001158114
- company_name: APPLIED OPTOELECTRONICS, INC.
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158114/000110465923036631/0001104659-23-036631-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158114/000110465923036631/tm2310199d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-036631
- JSON: https://secwatch.observer/filing/0001104659-23-036631.json
- Plain text: https://secwatch.observer/filing/0001104659-23-036631.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158114/000110465923036631/0001104659-23-036631-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.