AAOI · Applied Optoelectronics, Inc.

On May 14, 2026, Applied Optoelectronics, Inc. entered into an Equity Distribution Agreement with Raymond James & Associates, Inc. and Needham & Company, LLC, allowing the company to issue and sell up to $600 million of its common stock from time to time through at-the-market offerings. The sales agents will use commercially reasonable efforts to sell shares at prevailing market prices, receiving a 2% commission on gross proceeds. The company has no obligation to sell any shares and may suspend or terminate the agreement at any time. The shares are registered under an existing automatic shelf registration statement (Form S-3ASR). This financing provides the company with flexible access to capital markets to fund operations, growth initiatives, or other corporate purposes as described in the prospectus supplement. The agreement includes standard indemnification provisions and expense reimbursement terms for the agents. The filing also includes legal opinions and consents from Haynes and Boone, LLP.