tradingkey.logo

Applied Optoelectronics soars after stock warrant deal with Amazon

ReutersMar 13, 2025 9:06 PM

Applied Optoelectronics' AAOI.O shares jump 79% to $28.42 in extended trade

Fiber optic networking products maker issues tech giant Amazon AMZN.O warrant to purchase up to ~7.9 million of its shares at an exercise price of $23.6954 per share

About 1.3 million warrant shares vested on the date of issuance, with the balance vesting over time based on discretionary purchases by Amazon, up to a total of $4 billion

AAOI stock closed down 8.3% at $15.87

As of last close, AAOI stock down 57% YTD

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI