Applied Optoelectronics, Inc. has entered into an Equity Distribution Agreement with Raymond James & Associates, Inc. and Needham & Company, LLC, allowing the company to issue and sell up to $100 million in common stock. These transactions will be conducted as "at the market" offerings, with shares being sold through the Nasdaq Global Market or other trading platforms. The agreement allows the company flexibility in determining the number of shares to be sold, the time frame for sales, and the minimum price per share. The sales agents will receive a 2% commission on the gross sales price of shares sold. Additionally, Applied Optoelectronics has agreed to reimburse certain expenses and indemnify the sales agents against specific liabilities.
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