Company: AAOI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025450
Chunk: 135

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 135
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 each of the Sales Agents would be entitled to compensation of up to 2% of the gross sales price of the Shares sold through such Sales Agent from time to time. The 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 June 18, 2025, the Company completed the Second ATM Offering 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 "202