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Form 8-K · Current Report · Filed 2024-12-23

Applied Optoelectronics Exchanges Convertible Notes and Completes Direct Offering

Applied Optoelectronics, Inc. exchanged $76.7 million principal amount of its 5.25% Convertible Senior Notes due 2026 for $125 million aggregate principal amount of 2.75% Convertible Senior Notes due 2030, 1,487,874 shares of common stock, and $89.6 thousand in cash. Concurrently, the company completed a registered direct offering of 1,036,458 shares of common stock at $33.97 per share, raising approximately $33.7 million in net proceeds. The company also terminated $76.7 million of the 2026 Notes, leaving $3.5 million in aggregate principal amount outstanding.

Filer
Applied Optoelectronics Inc. AAOI · NASDAQ
Filed
Accession
0001104659-24-131385
CIK
0001158114
Signal
Medium impactTechnology

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement
Item 1.02

Termination of a Material Definitive Agreement

Contract Termination
Item 2.03

Creation of a Direct Financial Obligation

New Debt Issued
Item 3.02

Unregistered Sales of Equity Securities

Unregistered Stock Issuance
Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$37.82

Next session

+5.3%

Since filing

+149.4%

Latest close

$94.32

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from AAOI reporting the same item, with the next session's move:

Exhibits (3)

About Applied Optoelectronics Inc.

Applied Optoelectronics Inc. is a prominent developer and manufacturer of optical communications products. The primary function of the company is to supply advanced optical components, modules, and equipment that are essential for high-speed communication networks. Applied Optoelectronics serves several key industries, including internet data centers, broadband service providers, and telecommunications. Their product offerings are critical in supporting increased data transmission rates demanded by these sectors. Noteworthy features of this company include its focus on vertically integrated manufacturing processes, which allow for greater control over production quality and cost. It extensively employs its semiconductor technology to produce lasers, detectors, and transceiver modules. This integration is vital for delivering cost-effective and reliable solutions that are foundational to the infrastructure of modern data communication systems. In the financial market, Applied Optoelectronics Inc. holds a significant role due to its contribution to the increasing demand for fast and efficient data services. As technology continues to advance and data consumption grows, the products offered by Applied Optoelectronics are essential for supporting global communication networks, thereby underscoring its importance in the optical networking industry.

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