Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 19

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 Notes, and approximately 466,368 shares of the Company's common stock, par value $0.001 per share. The Company paid off the remaining $0.29 million of the 2024 Notes on  March 15, 2024.
    
   The 2026 Notes bear interest at a rate of 5.250% per year and pay interest semi-annually in arrears on  June 15 and  December 15 of each year, beginning on  June 15, 2024. The 2026 Notes mature on  December 15, 2026, unless earlier converted, redeemed or repurchased in accordance with their terms.
    
   On  December 18, 2024, the Company entered into exchange agreements with certain holders of the 2026 Notes to exchange approximately $76.7 million principal amount of the 2026 Notes for aggregate consideration consisting of (i) $125.0 million aggregate principal amount of 2.75% Convertible Senior Notes due 2030 (the “2030 Notes”), (ii) 1,487,874 shares of the Company’s 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"). There was $3.5 million principal amount for the 2026 Notes remaining. The Exchanges closed on  December 23, 2024. 
    
   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