secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED OPTOELECTRONICS, INC. (AAOI)
CIK:        0001158114
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001683168-23-002885
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AAOI enters laser supply agreement with Microsoft, includes change-of-control termination and ROFR
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- SOW covers manufacturing of lasers per Microsoft specs; milestones run through Dec 2025.
- Microsoft has termination right on a change of control and a right of first refusal to acquire AAOI.
- Payment tied to milestone completion; per-unit price capped at [***].
- Term effective Dec 16, 2022; either party may terminate with 6 months' written notice.
- Supplier must build supply chain and pass 2000-hour reliability tests for sample Goods.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158114/000168316823002885/0001683168-23-002885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158114/000168316823002885/aaoi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-002885

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer