Company: AAOI
Filing Date: 2025-02-28
Form Type: 8-K
Source: 0001104659-25-019113
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Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-02-28
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement.

On February 28, 2025, Applied Optoelectronics, Inc.
(the “ Company”) entered into an Equity Distribution Agreement (the “ Agreement”) with Raymond James &
Associates, Inc. (the “ Sales Agent”) 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 $100 million from time to time
through the Sales Agent.

Upon delivery of a placement notice and subject
to the terms and conditions of the Agreement, sales, if any, of the Shares will be made through the Sales Agent in transactions that are
deemed to be “at the market” offerings as defined in Rule 415 of the Securities Act of 1933, as amended (the “ Securities
Act”), including sales made through the facilities of the Nasdaq Global Market, the principal trading market for the Company’s
common stock, on any other existing trading market for the Company’s common stock, to or through a market maker or as otherwise
agreed by the Company and the Sales Agent. In the placement notice, the Company will designate the maximum number of Shares to be sold
through the Sales Agent, the time period during which sales are requested to be made, the minimum price for the Shares to be sold, and
any limitation on the number of Shares that may be sold in any one day. Subject to the terms and conditions of the Agreement, the Sales
Agent will use its commercially reasonable efforts to sell Shares on the Company’s behalf up to the designated amount specified
in the placement notice. The Company has no obligation to sell any Shares under the Agreement and may at any time suspend offers and sales
of the Shares under the Agreement.

The Agreement provides that the Sales Agent will
be entitled to compensation of 2% of the gross sales price of the Shares sold through the Sales Agent from time to time. The Company has
also agreed to reimburse the Sales Agent for certain specified expenses in connection with the registration of Shares under state blue
sky laws and any filing with, and clearance of the offering by, the Financial Industry Regulatory Authority Inc., not to exceed $10,000
in the aggregate, and any associated application fees incurred. Additionally, if the Agreement is terminated under certain circumstances,
and the Company fails to sell a minimum amount of the Shares as set forth in the Agreement, then the Company has agreed