Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 123

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 123
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 common stock, par value $0.001 per share (the "Common Stock") and (iii) approximately $89.6 thousands of cash in aggregate, representing accrued and unpaid interest on the 2026 Notes and the value of fractional shares of Common Stock (such transactions, collectively, the "Exchanges"). The Exchanges closed on  December 23, 2024. There was $3.5 million principal amount for the 2026 Notes remaining. 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 accrued and outstanding interest in cash. 
    
   The 2030 Notes were issued pursuant to an Indenture, dated as of  December 23, 2024 (the "Indenture"), between the Company, as issuer, and Computershare Trust Company, N.A., as trustee.  The 2030 Notes bear interest at a rate of 2.750% per year and will pay interest semiannually in arrears on  January 15 and  July 15 of each year, beginning on  July 15, 2025. The 2030 Notes will mature on  January 15, 2030, unless earlier converted, redeemed or repurchased in accordance with their terms.  
   The following table presents the carrying value of the 2026 Notes and the 2030 Notes for the periods indicated (in thousands):
   ​
   
       September 30,    December 31,  
   2025    2024  
 2026 Notes         
 Principal  $-  $3,500 
 Unamortized debt issuance costs   —   (83)
 Net carrying amount   -   3,417 
 2030 Notes         
 Principal   125,000   125,000 
 Premium upon issuance   8,888   10,416 
 Unamortized debt issuance costs   (3,768)  (4,336)
 Net carrying amount   130,120   131,080 
 Total net carrying amount  $130,120  $134,497 

   The conversion rate for the 2030 Notes is