Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 73

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 73
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 Company also agreed to reimburse the Sales Agents 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. The Company agreed to indemnify the Sales Agents against certain liabilities, including liabilities under the Securities Act, or to contribute to payments that the Sales Agents could be required to make because of any of those liabilities.

On September 22, 2025, the Company completed the Third ATM Offering and sold approximately 5.7 million shares at a weighted average price of $26.41 per share, providing proceeds of approximately $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, 202