AAOI is a company I follow for comparison purposes with respect to industry etc as well as the fact they have an ATM out there and it does not seem to have had a negative outcome on stock price nor activity.

Of note:They have revenues and POET to date has not.

Nodrog16

SEC Filing from APPLIED OPTOELECTRONICS stating deal to sell their Chinese facility has been terminated. Not many details being provided anywhere that I can find. 

https://www.sec.gov/Archives/edgar/data/1158114/000110465923100097/tm2325837d2_8k.htm

Applied Optoelectronics, Inc. (the “Company” or “AOI”) previously reported in its Current Report on Form 8-K dated September 15, 2022 that the Company and Prime World International Holdings Ltd. (the “Seller”), which is a company incorporated in the British Virgin Islands and a wholly owned subsidiary of AOI, entered into a definitive agreement (the “Purchase Agreement”) with Yuhan Optoelectronic Technology (Shanghai) Co., Ltd. (the “Purchaser”). Pursuant to the Purchase Agreement, AOI agreed to sell its manufacturing facilities located in the People’s Republic of China and certain assets related to its transceiver business and multi-channel optical sub-assembly products for the internet datacenter, fiber-to-the-home and telecom markets.

On September 12, 2023, AOI and the Seller delivered a notice of termination (the “Termination Notice”) to the Purchaser to terminate the Purchase Agreement as a result of the Purchaser’s breach of or omission to observe certain of the Purchaser’s obligations under the Purchase Agreement. As a result of the Company’s delivery of the Termination Notice, the Purchase Agreement has been terminated.

I did see that they have filed an amendment to their ATM financing initially filed March 21, 2023 with Raymond James which is increasing the amount fgrom $35,000,000 to $70,000,000

https://www.sec.gov/Archives/edgar/data/1158114/000110465923100154/tm2325837d1_8k.htm

Of interest to me is the stock price and activity just prior to initial ATM (March 2023) $1.75 with daily volumes of around 50,000 give or take and the subsequent massive increase in both volume and price up to this week prior to deall termination $11.5-12.00 with volumes as much as 31,0770,769 on a single day 0n August 4th 2023

Market Cap is $315,000,000

Shares Outstanding 32,130,000

https://www.quotemedia.com/portal/chart?qm_symbol=aaoi