---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-061168"
form_type: "8-K"
ticker: "AAOI"
cik: "0001158114"
company_name: "APPLIED OPTOELECTRONICS, INC."
filed_at: "2026-05-14T20:08:11+00:00"
generated_at: "2026-05-14T20:58:46.328387+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-061168
- form_type: 8-K
- ticker: AAOI
- cik: 0001158114
- company_name: APPLIED OPTOELECTRONICS, INC.
- filed_at: 2026-05-14T20:08:11+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158114/000110465926061168/0001104659-26-061168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158114/000110465926061168/tm2614157d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-061168
- JSON: https://secwatch.observer/filing/0001104659-26-061168.json
- Plain text: https://secwatch.observer/filing/0001104659-26-061168.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158114/000110465926061168/0001104659-26-061168-index.htm

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