AAOI enters $100M at-the-market equity distribution agreement with Raymond James

APPLIED OPTOELECTRONICS, INC.

Up to $100M of common stock may be sold through Raymond James as sales agent.
Shares sold at-the-market via Nasdaq or to market makers; 2% commission to agent.
Company may suspend or terminate offering at any time; no obligation to sell.
Agreement effective Feb 28, 2025; shares registered under existing shelf registration.

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