AOI exchanges $76.7M of 5.25% 2026 notes for $125M 2.75% 2030 notes and 1.49M shares; prices $33.6M equity offering

APPLIED OPTOELECTRONICS, INC.

Exchanged ~$76.7M principal of 5.25% 2026 Notes for $125M of 2.75% 2030 Notes, ~1.49M shares, and $89.6K cash interest.
New 2030 Notes mature Jan 15, 2030; initial conversion price ~$43.31/share (27.5% premium to Dec 18 close).
Priced registered direct offering of 1,036,458 shares at $33.97/share for net proceeds of ~$33.6M.
Net proceeds from equity offering for general corporate purposes, including capex and working capital.
Both transactions expected to close on or about Dec 23, 2024, subject to customary conditions.

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