---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-123656"
form_type: "8-K"
ticker: "AAOI"
cik: "0001158114"
company_name: "APPLIED OPTOELECTRONICS, INC."
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T17:44:08.861058+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Applied Optoelectronics issues $80.2M 5.25% convertible notes due 2026; exchanges $80.2M of 5.00% 2024 notes

## Summary
- Sold $80.2M aggregate principal of 5.250% Convertible Senior Notes due 2026; net proceeds ~$76.0M after discount/commission.
- Exchanged $80.2M of existing 5.00% Convertible Senior Notes due 2024 for cash and ~466,368 shares of common stock.
- Conversion rate: 65.6276 shares per $1,000 principal (conversion price ~$15.24, 15% premium over $13.25 Nov 30 close).
- Supplemental indenture eliminates certain restrictive covenants on incurring debt and liens in the 2019 indenture.
- Notes mature December 15, 2026; interest payable semiannually on June 15 and December 15 starting June 15, 2024.

## SEC filing metadata
- accession: 0001104659-23-123656
- form_type: 8-K
- ticker: AAOI
- cik: 0001158114
- company_name: APPLIED OPTOELECTRONICS, INC.
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158114/000110465923123656/0001104659-23-123656-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158114/000110465923123656/tm2331117d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-123656
- JSON: https://secwatch.observer/filing/0001104659-23-123656.json
- Plain text: https://secwatch.observer/filing/0001104659-23-123656.txt

## Key facts
- Debt Financings
  APPLIED OPTOELECTRONICS, INC. incurred convertible notes of $80.2 million aggregate principal amount with Raymond James & Associates, Inc. at 5.250% maturing December 15, 2026.
  - Instrument: convertible notes
  - Principal: $80.2 million aggregate principal amount
  - Counterparty: Raymond James & Associates, Inc.
  - Rate: 5.250%
  - Maturity: December 15, 2026
  - Event: incurrence
  source text: pursuant to which the Company agreed to sell and the Initial Purchaser agreed to purchase approximately $80.2 million aggregate principal amount of 5.250% Convertible Senior Notes due 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158114/000110465923123656/0001104659-23-123656-index.htm
- Material Agreements
  APPLIED OPTOELECTRONICS, INC. entered into Indenture with Computershare Trust Company, N.A. valued at 5.250% Convertible Senior Notes due 2026, conversion rate 65.6276 shares per $1,000 principal, conve (effective 2023-12-05).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Computershare Trust Company, N.A.
  - Value: 5.250% Convertible Senior Notes due 2026, conversion rate 65.6276 shares per $1,000 principal, conve
  - Effective: 2023-12-05
  source text: The Convertible Notes were issued pursuant to an Indenture, dated as of December 5, 2023 (the “ Indenture ”), between the Company and Computershare Trust Company, N.A., as trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158114/000110465923123656/0001104659-23-123656-index.htm
- Material Agreements
  APPLIED OPTOELECTRONICS, INC. entered into Purchase Agreement with Raymond James & Associates, Inc. valued at $80.2 million aggregate principal amount of 5.250% Convertible Senior Notes due 2026 (effective 2023-11-30).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Raymond James & Associates, Inc.
  - Value: $80.2 million aggregate principal amount of 5.250% Convertible Senior Notes due 2026
  - Effective: 2023-11-30
  source text: On November 30, 2023, Applied Optoelectronics, Inc. (the “ Company ”) entered into a purchase agreement (the “ Purchase Agreement ”) with Raymond James & Associates, Inc. (the “ Initial Purchaser ”), pursuant to which the Company agreed to sell and the Initial Purchaser agreed to purchase approximately $80.2 million aggregate principal amount of 5.250% Convertible Senior Notes due 2026 (the “ Convertible Notes ”), for resale by the Initial Purchaser to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “ Securities Act ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158114/000110465923123656/0001104659-23-123656-index.htm

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