AAOI enters $150M at-the-market equity distribution agreement with Raymond James and Needham

APPLIED OPTOELECTRONICS, INC.

Up to $150M in common stock may be sold from time to time through Raymond James and Needham as sales agents.
Sales agents receive 2% commission on gross proceeds; Company can suspend or terminate at any time.
Shares are registered under existing shelf registration statement (Form S-3ASR).
Agreement provides flexibility to raise capital; no obligation to sell any shares.

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