SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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|Item 1.02||Termination of a Material Definitive Agreement|
Applied Optoelectronics, Inc. (the “Company”) previously reported in its Current Report on Form 8-K dated, April 22, 2020, that the Company executed a promissory note on April 17, 2020, in the principal amount of $6,228,895.00 as part of the Paycheck Protection Program (the “PPP Loan”) administered by the U.S. Small Business Administration (the "SBA") and authorized under the Coronavirus Aid, Relief, and Economic Security Act. The Company applied for the PPP Loan, through its financial institution Truist Bank (the “Lender”).
On June 14, 2021, the Company received notification from the Lender that the SBA approved the Company’s PPP Loan forgiveness application for the entire PPP Loan balance of $6,228,895.00 leaving the Company with a remaining PPP Loan balance of zero.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Applied Optoelectronics, Inc.|
|By: /s/ David C. Kuo|
|David C. Kuo|
|General Counsel and Secretary|
Date: June 17, 2021