---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-122604"
form_type: "8-K"
ticker: "AAOI"
cik: "0001158114"
company_name: "APPLIED OPTOELECTRONICS, INC."
filed_at: "2023-12-01T23:59:59+00:00"
generated_at: "2026-06-07T19:11:02.979344+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Applied Optoelectronics prices $80.2M of 5.25% convertible notes; exchanges $80.2M of 2024 notes

## Summary
- Priced $80.2M aggregate principal of 5.25% Convertible Senior Notes due Dec 2026; net proceeds ~$76M.
- Concurrently exchanged $80.2M of existing 5.00% 2024 Notes for $81.1M cash (incl. accrued interest) and 466,368 shares.
- New notes convertible at $15.24/share (initial conversion rate 65.6276 shares per $1,000).
- Settlement expected Dec 5, 2023; notes mature Dec 15, 2026, interest payable semi-annually.

## SEC filing metadata
- accession: 0001104659-23-122604
- form_type: 8-K
- ticker: AAOI
- cik: 0001158114
- company_name: APPLIED OPTOELECTRONICS, INC.
- filed_at: 2023-12-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158114/000110465923122604/0001104659-23-122604-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158114/000110465923122604/tm2331918d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-122604
- JSON: https://secwatch.observer/filing/0001104659-23-122604.json
- Plain text: https://secwatch.observer/filing/0001104659-23-122604.txt

## Key facts
- Material Agreements
  APPLIED OPTOELECTRONICS, INC. entered into Exchange Agreements with certain holders of 5.00% Convertible Senior Notes due 2024 valued at aggregate consideration consisting of approximately $81.1 million in cash and approximately 466,368 (effective 2023-11-30).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: certain holders of 5.00% Convertible Senior Notes due 2024
  - Value: aggregate consideration consisting of approximately $81.1 million in cash and approximately 466,368
  - Effective: 2023-11-30
  source text: On November 30, 2023, Applied Optoelectronics, Inc. (the “ Company ”) entered into separate, privately negotiated exchange agreements (the “ Exchange Agreements ”) with certain holders (the “ Noteholders ”) of its 5.00% Convertible Senior Notes due 2024 (the “ 2024 Notes ”) to exchange or repurchase approximately $80.2 million principal amount of 2024 Notes for aggregate consideration consisting of approximately $81.1 million in cash, which includes accrued interest on the 2024 Notes, and approximately 466,368 shares (the “ Exchange Shares ”) of the Company’s common stock, par value $0.001 per share (collectively, the “ Exchanges ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158114/000110465923122604/0001104659-23-122604-index.htm

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