Applied Optoelectronics,Inc. (NASDAQ:AAOI) Files An 8-K Other Events

Applied Optoelectronics,Inc. (NASDAQ:AAOI) Files An 8-K Other Events
Item 8.01 Other Events.

Story continues below

At the Market Offering Program Update

Since November 14, 2016, the date Applied Optoelectronics, Inc. (the “Company”) filed a prospectus supplement to Rule 424(b) under the Securities Act of 1933, as amended, to the date of this Current Report on Form 8-K, the Company has sold 1,100,000 of its common stock at an average price of $24.85 per share under its at the market offering program, resulting in net proceeds to the Company of $26,788,300 (net of $546,700 in commissions). The Company intends to use the net proceeds received for general corporate purposes, which may include, among other things, debt repayment, working capital, and capital expenditures.

About Applied Optoelectronics, Inc. (NASDAQ:AAOI)

Applied Optoelectronics, Inc. is a vertically integrated provider of fiber-optic networking products. The Company offers its products for approximately three networking end markets, such as Internet data center; cable television (CATV), and fiber-to-the-home (FTTH). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment. The Company’s customers in the Internet data center market include Internet-based (Web 2.0) data center operators, to whom it supplies optical transceivers that plug into switches and servers within the data center, and allow these network devices to send and receive data over fiber optic cables. To the CATV market, it supplies a range of products, including lasers, transmitters and turnkey equipment, as well as headend, node and distribution equipment. Its manufacturing sites are located at Sugar Land, Texas; Ningbo, China, and Taipei, Taiwan.

Applied Optoelectronics, Inc. (NASDAQ:AAOI) Recent Trading Information

Applied Optoelectronics, Inc. (NASDAQ:AAOI) closed its last trading session down -0.85 at 25.15 with 1,509,395 shares trading hands.

An ad to help with our costs