Changes in US stocks | Proposed additional stock issuance of 600 million US dollars, Applied Optoelectronics (AAOI.US) opened low and fell more than 16%

The Zhitong Finance App learned that on Monday, the stock price of Optical Communications Applied Optoelectronics (AAOI.US) opened sharply lower. As of press release, the decline was more than 16%. According to the news, Applied Optoelectronics plans to raise 600 million US dollars through additional stock issuance. Investors are worried that their shares will be further diluted. In particular, Applied Optoelectronics has raised funds through similar financing instruments several times this year. This includes the US$500 million ATM financing plan completed in April, followed by another US$600 million financing in May. Therefore, after investors have already endured large-scale equity dilution this year, the newly submitted filing documents mean that the company is about to begin another round of large-scale stock issuance.