Feed Explorer$Applied Optoelectronics(AAOI.US) indeed issued additional shares to expand production.
The total offering price has been increased to a maximum of $500 million. The previously issued $250 million has already been used up. (This increase was made through an amendment).
Currently at 106, market cap over $7 billion.
75 million shares outstanding. The additional share issuance price is calculated at the market, likely around 100-120.
It's not too bad, dilution is about 6%.
The funds raised from the issuance will be used for new factories in the US and Taiwan (1.6T large order).
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