Applied Optoelectronics enters ATM equity offering for up to $25M via Raymond James

APPLIED OPTOELECTRONICS, INC.

Up to $25M of common stock may be sold in at-the-market offerings through Raymond James.
Sales Agent receives up to 2% commission; expense reimbursements capped at $10,000 and $30,000.
Shares registered under existing effective shelf registration statement (filed March 2023).
Company has no obligation to sell and may suspend offers at any time.

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 $25 million (effective 2024-03-13).

Action: entry
Agreement: atm program
Counterparty: Raymond James & Associates, Inc.
Value: up to $25 million
Effective: 2024-03-13

Exact text from the filing

On March 13, 2024, 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 $25 million from time to time through the Sales Agent.

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APPLIED OPTOELECTRONICS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-24-033988

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