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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.
See more data about AAOI stock on TipRanks’ Stock Analysis page.
