Applied Optoelectronics files $600M at-the-market equity offering

APPLIED OPTOELECTRONICS, INC.

Agreement with Raymond James and Needham to sell up to $600M of common stock at market prices.
Sales agents receive 2% of gross proceeds; no minimum obligation for company to sell shares.
Shares registered under existing Form S-3ASR; prospectus supplement filed May 14, 2026.
ATM facility can be terminated anytime by company or agents; use of proceeds not specified.
Potential dilution of up to ~$600M in common equity if fully utilized.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

APPLIED OPTOELECTRONICS, INC. entered into Equity Distribution Agreement with Raymond James & Associates, Inc. and Needham & Company, LLC valued at up to $600 million (effective 2026-05-14).

Action: entry
Agreement: atm program
Counterparty: Raymond James & Associates, Inc. and Needham & Company, LLC
Value: up to $600 million
Effective: 2026-05-14

Exact text from the filing

On May 14, 2026, Applied Optoelectronics, Inc. (the “Company”) entered into an Equity Distribution Agreement (the “Agreement”) with Raymond James & Associates, Inc. and Needham & Company, LLC (collectively, the “Sales Agents”) pursuant to which the Company may issue and sell shares of the Company’s common stock, par value $0.001 per share (the “Shares”) having an aggregate offering price of up to $600 million from time to time through the Sales Agents.

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APPLIED OPTOELECTRONICS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-26-061168

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