---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-131385"
form_type: "8-K"
ticker: "AAOI"
cik: "0001158114"
company_name: "APPLIED OPTOELECTRONICS, INC."
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:30:15.362659+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AOI exchanges $76.7M 2026 notes for $125M 2030 notes, raises $33.7M equity

## Summary
- Exchanged $76.7M of 5.250% 2026 notes for $125M of 2.750% 2030 notes, 1.49M shares, and ~$90k cash.
- Concurrent registered direct offering of 1,036,458 shares at $33.97/share raised net ~$33.7M.
- CFO says transactions extend maturity to 2030, reduce interest expense, and strengthen cash by ~$30.2M.
- Amended 2026 note indenture to eliminate certain restrictive covenants; $3.5M of 2026 notes remain outstanding.
- 2030 notes convertible at ~$43.31/share (27.5% premium); redeemable after Jan 2027 if stock conditions met.

## SEC filing metadata
- accession: 0001104659-24-131385
- form_type: 8-K
- ticker: AAOI
- cik: 0001158114
- company_name: APPLIED OPTOELECTRONICS, INC.
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158114/000110465924131385/0001104659-24-131385-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158114/000110465924131385/tm2431223d10_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-131385
- JSON: https://secwatch.observer/filing/0001104659-24-131385.json
- Plain text: https://secwatch.observer/filing/0001104659-24-131385.txt

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