Applied Optoelectronics (AAOI) Completes $600 Million Follow On Equity Offering

Applied Optoelectronics (NasdaqGM:AAOI) completed a sizeable follow-on equity offering to issue new common shares to investors. The fresh capital increases the company’s equity base and changes the balance between shareholder ownership and cash on hand. The offering gives Applied Optoelectronics more funding flexibility for projects such as capacity, product development or potential partnerships. The follow-on equity issuance at Applied Optoelectronics sits alongside several other shifts in...