Also a bit confusing at this time. I thought the ATM offering was for day to day operation expenses.

Unless otherwise indicated in a prospectus supplement relating to a particular offering of securities, the net proceeds to be received by the Company from the issue and sale from time to time of the securities, if any, will be used for general working capital purposes related to research and development of its optical engines for transceivers and light source modules for the AI market, capital asset purchases and selling and general and administrative expenses. The Company currently has a negative operating cash flow, which may continue for the foreseeable future. 

Again unless its for capital asset purchases as well.