Sugar City, Texas, USA, October 5th / PRNewswire / — Applied Optoelectronics, Inc. (Nasdaq ticker: AAOI, hereinafter referred to as “AOI”) announced today that it has completed the previously disclosed $600 million “market value issuance” ( at-the-market ) equity financing plan (referred to as the “ATM plan”).
On August 21, 2026, AOI disclosed that the company had submitted supplementary documents to the U.S. Securities and Exchange Commission (SEC) for its prospectus, intending to issue and sell up to $600 million in common stock. A total of 5,694,845 shares were sold at an average price of $105.36 per share, and after deducting commissions and fees, the net amount raised was $587,999,985.89.
"We are very pleased to successfully complete our equity financing plan at market price for the third time this year, which has strengthened our balance sheet and supported us in meeting the growing demand for high-speed optical interconnects in the AI data center," said Dr. Thompson Lin, founder, president, and CEO of AOI. "We intend to continue to invest this funds into our business, including purchasing new equipment and machinery for production and research and development purposes, in order to continuously expand our advanced manufacturing capabilities. We thank our shareholders for their ongoing support of AOI and also welcome new shareholders to join us."
The company currently intends to use the net funds raised under the ATM plan for general corporate purposes, which may include debt repayment, working capital, and capital expenditures, mainly to support its manufacturing expansion in the field of data center optical devices.
Forward-looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. In certain circumstances, forward-looking statements can be identified by words such as “believes,” “may,” “estimates,” “continues,” “expects,” “intends,” “should,” “could,” “will,” “aims,” “seeks,” “is intended to,” “predicts,” “considers,” “plans,” “potential,” “likely,” “will,” “anticipates,” “momentum,” “plans,” “projects,” “allows,” “positions,” and similar expressions. These statements include management’s views and expectations regarding the use of funds raised under the ATM plan and the manufacturing capacity investment plan. Such forward-looking statements reflect management’s views at the time of making the statements and involve risks and uncertainties, as well as assumptions and current expectations, which could lead to significant differences between the company’s actual results and those anticipated in these forward-looking statements. These risks and uncertainties include, but are not limited to: declines in the size or volume of customer orders; changes in demand for the company’s products due to industry conditions; changes in manufacturing operations; fluctuations in manufacturing costs; delays in product shipments; disruptions in the supply chain; changes in the success rate of design introductions or the speed at which customers accept new products; the company’s revenue relying heavily on a few customers; potential price pressures; declines in customer demand for products or slower deployment of the company’s products; general conditions in the internet data center, cable television (CATV), broadband, telecommunications, or fiber-to-the-home (FTTH) markets; global economic changes (especially in the United States and China); changes in international trade regulations and taxes, including tariffs; exchange rate fluctuations; negative impacts due to seasonality; and other risks and uncertainties more fully described in the documents submitted or provided by the company to the U.S. Securities and Exchange Commission, including the annual report Form 10-K for the fiscal year ending December 31, 2025, and the quarterly report Form 10-Q for the quarter ending June 30, 2026.For more information regarding these and other risks that may affect the company's business, please refer to the "Risk Factors" section in the company's quarterly and annual reports submitted to the U.S. Securities and Exchange Commission. You should not regard forward-looking statements as predictions of future events. All forward-looking statements in this press release are based on information available to the company as of the date of issuance and are subject to this cautionary statement. Except as required by law, the company assumes no obligation to update forward-looking statements after the release of this press release to reflect actual results or changes in the company's expectations for any reason.
About AOI
Applied Optoelectronics, Inc. (AOI) is a leading developer and manufacturer of advanced optical and HFC network products, which are fundamental components of global AI data centers, CATV networks, and broadband fiber access networks. AOI provides this critical infrastructure to frontline customers in the cloud computing, CATV broadband, telecommunications, and FTTH markets. The company has research and development facilities in Atlanta, Georgia, as well as engineering and manufacturing facilities in Sugar City, Texas, Taipei, Taiwan, and Ningbo, China. For more information, please visit www.ao-inc.com.
