$AAOI Applied Optoelectronics completed its $600M at-the-market equity offering, selling 5.69M shares to strengthen its balance sheet and expand manufacturing capacity for AI data-center optical products. * Offering: AOI sold 5,694,845 shares at an average $105.36, generating about $588M in net proceeds after commissions and fees. * Capital raise: The program, launched Aug. 21, was AOI’s third ATM offering completed this year. * Use of funds: Proceeds may fund manufacturing expansion, production and R&D equipment, working capital and debt repayment. * AI demand: Management said the additional capital will help scale advanced optical-device capacity as demand for high-speed connectivity in AI data centers grows. 05-OCT-2026 08:09 AM ET