Company: AAOI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025450
Chunk: 45

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 and sold approximately 5.7 million shares at a weighted average price of $17.46 per share, providing proceeds of approximately $98 million, net of expenses and underwriting discounts and commissions.

The details of the shares of common stock sold through the First ATM Offering and Second ATM Offering as of the end of June 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, Inc. 
      
      June 2025 

     5,725,948

     17.46

     100,000

     2,000

     98,000

      Total 

     11,371,655

     $
     200,000

     $
     4,000

     $
     196,000

       27

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.  Also, refer to Note 12 "Convertible Senior Notes" to the consolidated financial statements for further discussion of the 2026 Notes.

On December 23, 2024, the Company issued approximately $125.0 million aggregate principal amount of 2.750% convertible senior notes due 2030 (the "2030 Notes"), and on the same day consummated various separate, privately negotiated exchange agreements with certain holders of its 202