Applied Optoelectronics ( (AAOI) ) has issued an update.
Applied Optoelectronics, Inc. has entered a new Equity Distribution Agreement with Raymond James & Associates, allowing the company to sell up to $55 million in common stock through at-the-market offerings. This move replaces a prior agreement and gives the company flexibility in stock sales, with the Sales Agent earning a 2% commission. The company can halt sales anytime and provides financial protections for the Sales Agent, making this an interesting development for those tracking stock market activity.
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