Applied Optoelectronics amends ATM equity offering facility; up to $70M available

APPLIED OPTOELECTRONICS, INC.

Entered Amendment No. 1 to Equity Distribution Agreement with Raymond James on Sept 12, 2023.
Total $70M at-the-market common stock offering capacity unchanged; $24M already sold as of Sept 12.
Sales agent receives up to 2% of gross proceeds; company may sell shares at its discretion.
Shares offered under existing effective shelf registration statement (No. 333-269132).

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 Amendment No. 1 to the Equity Distribution Agreement with Raymond James & Associates, Inc. valued at aggregate offering price of up to $70 million (effective 2023-09-12).

Action: entry
Agreement: atm program
Counterparty: Raymond James & Associates, Inc.
Value: aggregate offering price of up to $70 million
Effective: 2023-09-12

Exact text from the filing

On September 12, 2023, Applied Optoelectronics, Inc. (the “Company”) entered into Amendment No. 1 to the Equity Distribution Agreement (the “Amendment”) with Raymond James & Associates, Inc. (the “Sales Agent”), amending the Equity Distribution Agreement dated as of March 24, 2023

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APPLIED OPTOELECTRONICS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-100154

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