Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 145

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 145
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147 million, net of expenses and underwriting discounts and commissions.

The details of the shares of common stock sold through the First ATM Offering, the Second ATM Offering and the Third ATM Offering as of the end of September 30, 2025 are as follows (in thousands, except shares and weighted average per share price):

      Distribution Agent 
      
      Month 
      
      Number of Shares Sold 

      Weighted Average Per Share Price 

      Gross Proceeds 

      Compensation to Distribution Agent 

      Net Proceeds 

      Raymond James & Associates, Inc. 
      
      March 2025 

     3,535,650

     $
     20.71

     $
     73,219

     $
     1,464

     $
     71,755

      Raymond James & Associates, Inc. 
      
      April 2025 

     2,110,057

     12.69

     26,781

     536

     26,245

      Raymond James & Associates and Needham & Company, LLC 
      
      June 2025 

     5,725,948

     17.46

     100,000

     2,000

     98,000

      Raymond James & Associates and Needham & Company, LLC 
      
      September 2025 

     5,680,235

     26.41

     150,000

     3,000

     147,000

      Total 

     17,051,890

     $
     350,000

     $
     7,000

     $
     343,000

       26

Note Offerings

On December 5, 2023, the Company issued $80.2 million of 5.25% convertible senior notes due 2026 (the "2026 Notes"), bearing interest at a rate of 5.25% per year maturing on December 5, 2026, unless earlier repurchased, redeemed or converted in accordance with their terms. The sale of the 2026 Notes generated net proceeds of $76.2 million, after expenses. 

On July 30, 2025, the Company retired the final $3.5 million principal and accrued and unpaid interest on the 2026 Notes by exchanging such outstanding principal for 239,404 shares of the Company’s common stock and by paying the