2023-09-13 06:37:11 ET
- Applied Optoelectronics ( NASDAQ: AAOI ) is trading 4.7% lower in premarket after the company disclosed that it has entered into amendment No. 1 to the equity distribution agreement with Raymond James & Associates, pursuant to which, the Company may issue and sell shares of the Company’s common stock having an aggregate offering price of up to $70M.
- As of September 12, 2023, the Company has sold 3,690,599 common shares with an aggregate offering price of approximately $24M.
- Press Release
For further details see:
Applied Optoelectronics amends equity pact with Raymond James