AOI Completes $600M ATM Equity Offering for AI Data Center Push
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Sugar Land, Texas – October 05, 2026 -- Applied Optoelectronics (NASDAQ: AAOI) has completed a $600 million at-the-market equity offering, selling 5,694,845 shares at an average price of $105.36 to net $587,999,985.89 for the company.
AOI raises $588 million through third ATM program of 2026
The offering, disclosed on August 21, 2026 via a prospectus supplement filed with the U.S. Securities and Exchange Commission, marks the company's third at-the-market equity raise this year. AOI confirmed the program's completion today, closing a capital-raising effort aimed at funding its optical networking manufacturing expansion.