other_material
confidence high
sentiment neutral
materiality 0.60
Applied Optoelectronics enters up to $100M ATM equity distribution agreement with Raymond James and Needham
APPLIED OPTOELECTRONICS, INC.
- Company may sell up to $100M of common stock in at-the-market offerings through Raymond James and Needham.
- Sales agents receive 2% commission on gross proceeds; reimbursement for expenses up to $10k, plus up to $30k if minimum not met.
- Shares registered under existing automatic shelf registration statement (Form S-3ASR).
- Company has no obligation to sell any shares and may suspend offerings at any time.
- Agreement may be terminated by either party; termination occurs upon sale of all shares subject to agreement.
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