Applied Optoelectronics Files Material Definitive Agreement
Ticker: AAOI · Form: 8-K · Filed: Mar 13, 2024 · CIK: 1158114
| Field | Detail |
|---|---|
| Company | Applied Optoelectronics, INC. (AAOI) |
| Form Type | 8-K |
| Filed Date | Mar 13, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $25 million, $10,000, $30,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing
TL;DR
AOI signed a big deal, details to come.
AI Summary
On March 13, 2024, Applied Optoelectronics, Inc. (AOI) filed an 8-K report detailing a material definitive agreement. The filing indicates a significant event for the company, though specific details of the agreement and its financial implications are not elaborated upon in this initial report.
Why It Matters
This filing signals a significant new contract or partnership for Applied Optoelectronics, Inc., which could impact its future revenue and strategic direction.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant financial and operational implications, but the lack of specific details necessitates a medium risk assessment.
Key Players & Entities
- Applied Optoelectronics, Inc. (company) — Registrant
- March 13, 2024 (date) — Date of Report
FAQ
What is the nature of the material definitive agreement filed by Applied Optoelectronics, Inc.?
The filing indicates the entry into a material definitive agreement, but the specific terms and nature of this agreement are not detailed in the provided excerpt.
When was this material definitive agreement entered into or reported?
The report date for this event is March 13, 2024.
What is the principal business address of Applied Optoelectronics, Inc.?
The principal executive offices are located at 13139 Jess Pirtle Blvd., Sugar Land, Texas 77478.
What is the IRS Employer Identification Number for Applied Optoelectronics, Inc.?
The IRS Employer Identification Number is 76-0533927.
Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 1,085 words · 4 min read · ~4 pages · Grade level 11.2 · Accepted 2024-03-13 16:49:38
Key Financial Figures
- $0.001 — h registered Common Stock, Par value $0.001 AAOI NASDAQ Global Market Indicate
- $25 million — ng an aggregate offering price of up to $25 million from time to time through the Sales Age
- $10,000 — egulatory Authority Inc., not to exceed $10,000 in the aggregate, and any associated ap
- $30,000 — by the Sales Agent, up to a maximum of $30,000 in the aggregate. The Company agreed to
Filing Documents
- tm248365d1_8k.htm (8-K) — 33KB
- tm248365d1_ex1-1.htm (EX-1.1) — 183KB
- tm248365d1_ex5-1.htm (EX-5.1) — 10KB
- 0001104659-24-033988.txt ( ) — 449KB
- aaoi-20240313.xsd (EX-101.SCH) — 3KB
- aaoi-20240313_lab.xml (EX-101.LAB) — 33KB
- aaoi-20240313_pre.xml (EX-101.PRE) — 22KB
- tm248365d1_8k_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On March 13 , 2024, Applied Optoelectronics, Inc. (the "Company") entered into an Equity Distribution Agreement (the "Agreement") with Raymond James & Associates, Inc. (the "Sales Agent") pursuant to which the Company may issue and sell shares of the Company's common stock, par value $0.001 per share (the "Shares") having an aggregate offering price of up to $25 million from time to time through the Sales Agent. Upon delivery of a placement notice and subject to the terms and conditions of the Agreement, sales, if any, of the Shares will be made through the Sales Agent in transactions that are deemed to be "at the market" offerings as defined in Rule 415 of the Securities Act of 1933, as amended (the "Securities Act"), including sales made through the facilities of the Nasdaq Global Market, the principal trading market for the Company's common stock, on any other existing trading market for the Company's common stock, to or through a market maker or as otherwise agreed by the Company and the Sales Agent. In the placement notice, the Company will designate the maximum number of Shares to be sold through the Sales Agent, the time period during which sales are requested to be made, the minimum price for the Shares to be sold, and any limitation on the number of Shares that may be sold in any one day. Subject to the terms and conditions of the Agreement, the Sales Agent will use its commercially reasonable efforts to sell Shares on the Company's behalf up to the designated amount specified in the placement notice. The Company has no obligation to sell any Shares under the Agreement and may at any time suspend offers and sales of the Shares under the Agreement. The Agreement provides that the Sales Agent will be entitled to compensation of up to 2% of the gross sales price of the Shares sold through the Sales Agent from time to time. The Company has also agreed to reimburse the Sales Agent for certain specified e
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 1.1 Equity Distribution Agreement, dated March13 , 2024, between Applied Optoelectronics, Inc. and Raymond James & Associates, Inc. 4.1 Common Stock Specimen(incorporated by reference to Exhibit 4.1of AOI's Form 8-K(File No. 001-36083)filed with the SEC onNovember 14, 2016). 5.1 Opinion of Haynes and Boone, LLP. 23.1 Consent of Haynes and Boone, LLP (included in Exhibit 5.1). 104 Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. APPLIED OPTOELECTRONICS, INC. Date: March 13 , 2024 By: /s/ David C. Kuo Name: David C. Kuo Title: S enior Vice President and Chief Legal Officer