Applied Optoelectronics amends equity distribution agreement; up to $60M ATM offering

APPLIED OPTOELECTRONICS, INC.

Amendment No. 1 to Equity Distribution Agreement with Raymond James dated Aug 6, 2024.
Company may issue up to $60 million in common stock via at-the-market offerings.
As of Aug 6, 2024, 1,748,726 shares sold for approx $20.5 million under original agreement.
Sales agent compensation up to 2% of gross sales price; certain expense reimbursements.
Offering registered under existing S-3 shelf; prospectus supplement filed.

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