That's why we turned to the experts — professional chefs and caterers and interior designers — to discuss some typical Thanksgiving mistakes and how to avoid them. 1. Not prepping "The overriding first mistake people make is they think they have more time than they do," said Bistro to Go Cafe and Catering executive chef Kate Kobylinski. She regularly hosts her extended family of 30 and knows "every single problem." "Food takes longer to cook, the table takes longer to set and houses take longer to clean than you think." Clean your house on Monday. On Wednesday, dice vegetables so they're "food-show ready," as Kobylinski put it. Prepare (but don't cook) your green bean casserole (leaving off garnishes like fried onions) so it can just be popped in the oven and set the dining room table. 2. Not enlisting help Don't feel that you have to do everything yourself. But be as specific as possible when doling out the assignments. "Don't let them make their own decisions!" Kobylinski said emphatically. Thanksgiving is "micromanager's heaven." For example, have someone bring ice on Thanksgiving Day because going out to buy it takes time and ice hogs freezer space. If you don't like making desserts, have someone bring one. If a guest wants to prepare a side dish, great, but decide beforehand what they will bring. Ahead of dinner, interior designer Kacie Cope likes to set out all of her serving platters with Post-it notes attached denoting what will go on them. "You'll be amazed if you have them labeled," she said. "People can help in a jiff." During the evening, Kobylinski gives people assigned jobs, such as serving drinks or taking charge of an after-dinner game. And the chef is forgiving about using premade ingredients, like gravy or cranberry jelly. "There's no right or wrong way to make any of your foods," she said. But you might want to give a homemade touch to prepared ingredients, like adding sauteed onions or celery to prepared gravy. 3. Not defrosting your turkey "Everyone goes into Thanksgiving Day with a half-frozen turkey," said Kobylinski. "And you can't get the bag of giblets out because they're frozen in place." It takes one day for every 4 pounds of turkey meat to defrost in the refrigerator. (No, it is not safe to leave your frozen turkey out on the counter to thaw and breed bacteria.) So if you've got a 20-pound bird, you've got to start thawing on the Saturday before Thanksgiving. However, there are other methods. Kobylinski suggests submerging the bird and running a thin stream of cold water over it. "It doesn't have to be a lot of water." The U.S. Department of Agriculture says there are only three ways to safely thaw food: In the refrigerator, in cold water or in the microwave. To safely thaw turkey in cold water, the USDA says it takes about 30 minutes per pound. Put the turkey in a leak-proof plastic bag to prevent cross-contamination and submerge it. Change the water every 30 minutes, and cook immediately when it's thawed. If opting for your microwave, follow its instructions for thawing and cook immediately. Then, if you're running late and need to speed things up to satisfy the hungry hordes, you can cut the bird in half before cooking (skin side up). This significantly reduces cooking time, requiring about 10 minutes per pound. Kobylinski also recommends resting the turkey on vegetables in the oven to keep the bottom from getting burned. 4. Serving a dry, overcooked turkey Private chef and culinary educator Emily Larsen warns that those plastic thermometers in supermarket turkeys are setting you up for failure. The USDA says that you should cook a turkey until the internal temperature is 165 degrees. Plastic thermometers don't pop out until the breast meat is at about 180 degrees, "when your turkey is completely dry," Larsen said. Plus, people forget that meat continues to cook once it's out of the oven. She recommends taking a bird out of the oven when it is at 155 degrees — she likes to use an inexpensive instant-read folding probe thermometer — and continue to monitor it. (Insert it into the thickest part of the breast, avoiding the bone.) "Ten dollars [for the thermometer] can save your Thanksgiving," she said. Some feel that buying a frozen rather than fresh bird is another no-no, since freezing leaches water out of the turkey. However, if, despite your best efforts, your turkey is lacking moisture, Kobylinski has a fix: Put warm chicken or turkey stock and clarified butter into a mister and spritz sliced turkey with it before serving. "The same with stuffing if it's too dry," she said. 5. Overcomplicating the menu Thanksgiving Day is not the time to try out a completely new recipe. And you don't have to lay out 10 side dishes. In addition to opting for a simple menu, Kobylinski also recommends figuring out how long your items will take to cook and what method of cooking it requires ahead of time. Your turkey will be monopolizing your oven for four hours, so other oven foods should be limited or be easily reheated during the time that the turkey is resting. (As for resting a turkey, the chef puts her turkey on a hot plate with towels over it so "the meat rebinds itself and stabilizes for a smoother cut.") "Stovetop items should be staggered," she said, so you don't have a frying pan and three pots all going at once. As a sample menu, she suggests you might have one baked potato dish and one mashed. And for vegetables, one baked dish and one that is blanched or grilled. 6. Overcomplicating the decorating Interior designers advise against going too crazy with holiday-specific décor. "There's a lot that's being sold to us that we feel like we need," said Pittsburgh interior designer Amanda Bock. Do you really need a turkey-shaped vase or pilgrim figurines? "They're out for two weeks, and then you have to figure out where to store them," agreed Cope. "It takes an already busy season and makes it stressful in an unnecessary way." Cope says you can take things that are already part of your menu and use them as décor — a bowl of nuts or cranberries, or even removing the label from a cranberry sauce tin and repurposing it as a vase for flowers and fall leaves. Bock adds that dining room table décor should be kept to a minimum, since you'll need space for your food. You don't have to have "big chargers and five plates and three different glasses, plus all of your Thanksgiving food on the table," Bock said. If you do have flowers or a centerpiece in the middle of the table, keep it low, Cope advised. "That way, you can actually see the person who's across the table from you." Tableware and tablecloths might be in fall colors, so they can be repurposed throughout the season. Water glasses or wine goblets could be amber-toned, Bock suggests. 7. Inhibiting the party flow Well in advance of your guests' arrival, think critically about the setup of your home. Don't be afraid to rearrange your furniture so your guests move to different areas and don't all congregate in your kitchen. "You want to make sure that there are areas where people can sit and chat, watch the parade or just hang out together," Bock said. Set up a drinks station and an hors d'oeuvres station in different parts of the house, Bock suggests. Though, she admits, "I can't do that in my house because my dogs would just gobble up the hors d'oeuvres." She suggests repurposing a kitchen nook for kid seating, or as a serving area. Kobylinski might set up a half-built puzzle in a side room. She even puts out winter jackets and boots for "the gentlemen" for the moment when she urges them to go out on the porch to smoke cigars and drink brandy so they won't be underfoot. 8. Forgetting to set the mood As a finishing touch, don't neglect to set the mood by using lamps around the room instead of harsh overhead lights. Putting out tapers or tea candles establishes an intimate feeling. "That just leans into the cozy fall vibe," Cope said of low lighting. But don't use scented candles, Bock warns. Or a smelly flower arrangement. "That can overwhelm you when you're eating," Bock said. Putting on a favorite music playlist can set the mood and take away self-consciousness, especially early in the evening. The most important thing on Thanksgiving is simply for everyone to enjoy each other's company. A little advance preparation can help you, the host, stay relaxed throughout the evening so you can interact with your guests. As Bock advised, "Keep it simple for Thanksgiving." Let friendship and fellowship be the stars of the show.
Packham resigns as RSPCA president after animal cruelty claims at approved farms
Baroness Owen of Alderley Edge became the youngest person to receive a life peerage when she entered the House of Lords at the age of 30. She was elevated to parliament’s upper chamber in Boris Johnson’s resignation honours list 18 months ago after working as a special adviser to the former prime minister. She is now seeking to make her mark in the Lords with a private member’s bill to criminalise the non-consensual creation and solicitation of digitally altered sexually explicit images — known as deepfakes. • Kathleen Stock: We’re not ready for the voodoo of deepfakes Owen, 31, said women have “lost their ability to choose who owns sexually explicit images of them”. “Anyone can walk into the pub, take a picture of a2 Oregon men die from exposure in a forest after they went out to look for Sasquatch
Burt died over the weekend, the Crocosaurus Cove reptile aquarium in Darwin, Australia, said. He was at least 90 years old. “Known for his independent nature, Burt was a confirmed bachelor – an attitude he made clear during his earlier years at a crocodile farm,” Crocosaurus Cove wrote in social media posts. The aquarium added: “He wasn’t just a crocodile, he was a force of nature and a reminder of the power and majesty of these incredible creatures. While his personality could be challenging, it was also what made him so memorable and beloved by those who worked with him and the thousands who visited him over the years.” A saltwater crocodile, Burt was estimated to be more than 16 feet long. He was captured in the 1980s in the Reynolds River and became one of the most well-known crocodiles in the world, according to Crocosaurus Cove. The 1986 film stars Paul Hogan as the rugged crocodile hunter Mick Dundee. In the movie, American Sue Charlton, played by actress Linda Kozlowski, goes to fill her canteen in a watering hole when she is attacked by a crocodile before being saved by Dundee. Burt is briefly shown lunging out of the water. But the creature shown in more detail as Dundee saves the day is apparently something else. The Internet Movie Database says the film made a mistake by depicting an American alligator, which has a blunter snout. The Australian aquarium where Burt had lived since 2008 features a Cage of Death which it says is the nation’s only crocodile dive. It said it planned to honour Burt’s legacy with a commemorative sign “celebrating his extraordinary life and the stories and interactions he shared throughout his time at the park”.
That's why we turned to the experts — professional chefs and caterers and interior designers — to discuss some typical Thanksgiving mistakes and how to avoid them. 1. Not prepping "The overriding first mistake people make is they think they have more time than they do," said Bistro to Go Cafe and Catering executive chef Kate Kobylinski. She regularly hosts her extended family of 30 and knows "every single problem." "Food takes longer to cook, the table takes longer to set and houses take longer to clean than you think." Clean your house on Monday. On Wednesday, dice vegetables so they're "food-show ready," as Kobylinski put it. Prepare (but don't cook) your green bean casserole (leaving off garnishes like fried onions) so it can just be popped in the oven and set the dining room table. 2. Not enlisting help Don't feel that you have to do everything yourself. But be as specific as possible when doling out the assignments. "Don't let them make their own decisions!" Kobylinski said emphatically. Thanksgiving is "micromanager's heaven." For example, have someone bring ice on Thanksgiving Day because going out to buy it takes time and ice hogs freezer space. If you don't like making desserts, have someone bring one. If a guest wants to prepare a side dish, great, but decide beforehand what they will bring. Ahead of dinner, interior designer Kacie Cope likes to set out all of her serving platters with Post-it notes attached denoting what will go on them. "You'll be amazed if you have them labeled," she said. "People can help in a jiff." During the evening, Kobylinski gives people assigned jobs, such as serving drinks or taking charge of an after-dinner game. And the chef is forgiving about using premade ingredients, like gravy or cranberry jelly. "There's no right or wrong way to make any of your foods," she said. But you might want to give a homemade touch to prepared ingredients, like adding sauteed onions or celery to prepared gravy. 3. Not defrosting your turkey "Everyone goes into Thanksgiving Day with a half-frozen turkey," said Kobylinski. "And you can't get the bag of giblets out because they're frozen in place." It takes one day for every 4 pounds of turkey meat to defrost in the refrigerator. (No, it is not safe to leave your frozen turkey out on the counter to thaw and breed bacteria.) So if you've got a 20-pound bird, you've got to start thawing on the Saturday before Thanksgiving. However, there are other methods. Kobylinski suggests submerging the bird and running a thin stream of cold water over it. "It doesn't have to be a lot of water." The U.S. Department of Agriculture says there are only three ways to safely thaw food: In the refrigerator, in cold water or in the microwave. To safely thaw turkey in cold water, the USDA says it takes about 30 minutes per pound. Put the turkey in a leak-proof plastic bag to prevent cross-contamination and submerge it. Change the water every 30 minutes, and cook immediately when it's thawed. If opting for your microwave, follow its instructions for thawing and cook immediately. Then, if you're running late and need to speed things up to satisfy the hungry hordes, you can cut the bird in half before cooking (skin side up). This significantly reduces cooking time, requiring about 10 minutes per pound. Kobylinski also recommends resting the turkey on vegetables in the oven to keep the bottom from getting burned. 4. Serving a dry, overcooked turkey Private chef and culinary educator Emily Larsen warns that those plastic thermometers in supermarket turkeys are setting you up for failure. The USDA says that you should cook a turkey until the internal temperature is 165 degrees. Plastic thermometers don't pop out until the breast meat is at about 180 degrees, "when your turkey is completely dry," Larsen said. Plus, people forget that meat continues to cook once it's out of the oven. She recommends taking a bird out of the oven when it is at 155 degrees — she likes to use an inexpensive instant-read folding probe thermometer — and continue to monitor it. (Insert it into the thickest part of the breast, avoiding the bone.) "Ten dollars [for the thermometer] can save your Thanksgiving," she said. Some feel that buying a frozen rather than fresh bird is another no-no, since freezing leaches water out of the turkey. However, if, despite your best efforts, your turkey is lacking moisture, Kobylinski has a fix: Put warm chicken or turkey stock and clarified butter into a mister and spritz sliced turkey with it before serving. "The same with stuffing if it's too dry," she said. 5. Overcomplicating the menu Thanksgiving Day is not the time to try out a completely new recipe. And you don't have to lay out 10 side dishes. In addition to opting for a simple menu, Kobylinski also recommends figuring out how long your items will take to cook and what method of cooking it requires ahead of time. Your turkey will be monopolizing your oven for four hours, so other oven foods should be limited or be easily reheated during the time that the turkey is resting. (As for resting a turkey, the chef puts her turkey on a hot plate with towels over it so "the meat rebinds itself and stabilizes for a smoother cut.") "Stovetop items should be staggered," she said, so you don't have a frying pan and three pots all going at once. As a sample menu, she suggests you might have one baked potato dish and one mashed. And for vegetables, one baked dish and one that is blanched or grilled. 6. Overcomplicating the decorating Interior designers advise against going too crazy with holiday-specific décor. "There's a lot that's being sold to us that we feel like we need," said Pittsburgh interior designer Amanda Bock. Do you really need a turkey-shaped vase or pilgrim figurines? "They're out for two weeks, and then you have to figure out where to store them," agreed Cope. "It takes an already busy season and makes it stressful in an unnecessary way." Cope says you can take things that are already part of your menu and use them as décor — a bowl of nuts or cranberries, or even removing the label from a cranberry sauce tin and repurposing it as a vase for flowers and fall leaves. Bock adds that dining room table décor should be kept to a minimum, since you'll need space for your food. You don't have to have "big chargers and five plates and three different glasses, plus all of your Thanksgiving food on the table," Bock said. If you do have flowers or a centerpiece in the middle of the table, keep it low, Cope advised. "That way, you can actually see the person who's across the table from you." Tableware and tablecloths might be in fall colors, so they can be repurposed throughout the season. Water glasses or wine goblets could be amber-toned, Bock suggests. 7. Inhibiting the party flow Well in advance of your guests' arrival, think critically about the setup of your home. Don't be afraid to rearrange your furniture so your guests move to different areas and don't all congregate in your kitchen. "You want to make sure that there are areas where people can sit and chat, watch the parade or just hang out together," Bock said. Set up a drinks station and an hors d'oeuvres station in different parts of the house, Bock suggests. Though, she admits, "I can't do that in my house because my dogs would just gobble up the hors d'oeuvres." She suggests repurposing a kitchen nook for kid seating, or as a serving area. Kobylinski might set up a half-built puzzle in a side room. She even puts out winter jackets and boots for "the gentlemen" for the moment when she urges them to go out on the porch to smoke cigars and drink brandy so they won't be underfoot. 8. Forgetting to set the mood As a finishing touch, don't neglect to set the mood by using lamps around the room instead of harsh overhead lights. Putting out tapers or tea candles establishes an intimate feeling. "That just leans into the cozy fall vibe," Cope said of low lighting. But don't use scented candles, Bock warns. Or a smelly flower arrangement. "That can overwhelm you when you're eating," Bock said. Putting on a favorite music playlist can set the mood and take away self-consciousness, especially early in the evening. The most important thing on Thanksgiving is simply for everyone to enjoy each other's company. A little advance preparation can help you, the host, stay relaxed throughout the evening so you can interact with your guests. As Bock advised, "Keep it simple for Thanksgiving." Let friendship and fellowship be the stars of the show.Former Green Party leader Caroline Lucas has also resigned as vice-president of the animal welfare organisation, with both of them expressing their “sadness” over leaving the roles. It comes after an Animal Rising investigation made claims of cruelty at “RSPCA Assured” slaughterhouses in England and Scotland, with the campaign group sharing footage of alleged mistreatment. RSPCA Assured is a scheme whereby approved farms must comply with the organisation’s “stringent higher welfare standards”, according to its website. Mr Packham shared the news of his resignation on social media, saying: “It is with enormous sadness that I have resigned from my role as president of the RSPCA. “I would like to register my respect and admiration for all the staff and volunteers who work tirelessly to protect animals from cruelty.” Ms Lucas said she and Mr Packham failed to get the charity’s leadership to act. She posted on X, formerly Twitter: “With huge sadness I’m resigning as VP of the RSPCA, a role I’ve held with pride for over 15 years. “But their Assured Schemes risk misleading the public & legitimising cruelty. “I tried with @ChrisGPackham to persuade the leadership to act but sadly failed.” In June, the RSPCA commissioned an independent review of 200 farms on its assurance scheme which concluded the scheme was “operating effectively” to assure animal welfare on member farms. Following Animal Rising’s release of footage last week, the charity said it was “appalled” by what was shown, adding that it launched an immediate investigation and suspended three slaughterhouses from the scheme. In the wake of Mr Packham and Ms Lucas’ resignations, an RSPCA spokesperson said it is “simply not true” that the organisation has failed to take urgent action. They said: “We agree with Chris and Caroline on so many issues and have achieved so much together for animals, but we differ on how best to address the incredibly complex and difficult issue of farmed animal welfare. “We have discussed our work to drive up farmed animal welfare standards openly at length with them on many occasions and it is simply not true that we have not taken urgent action. “We took allegations of poor welfare incredibly seriously, launching an independent review of 200 farms which concluded that it was ‘operating effectively’ to improve animal welfare. “We are taking strong steps to improve oversight of welfare, implementing the recommendations in full including significantly increasing unannounced visits, and exploring technology such as body-worn cameras and CCTV, supported by £2 million of investment.” The charity insisted that while 94% of people continue to choose to eat meat, fish, eggs and dairy, it is the “right thing to do” to work with farmers to improve the lives of animals. “RSPCA Assured visit all farms on the scheme every year, but last year just 3% of farms were assessed for animal welfare by state bodies,” the spokesperson continued. “No-one else is doing this work. We are the only organisation setting and regularly monitoring animal welfare standards on farms. “We have pioneered change through RSPCA Assured, which has led to improvements throughout the industry including CCTV in slaughterhouses, banning barren battery cages for hens and sow stalls for pigs, giving salmon more space to swim and developing slower growing chicken breeds who have better quality of life.”
NoneNine student organisations urge authorities to reject Daniel Meli's extraditionTravis Hunter returns to Instagram after deleting account amid online hate, receives support from rapper King Harris
The AP Top 25 women’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . NASSAU, Bahamas (AP) — Shay Ciezki scored a season-high 34 points and Indiana knocked off No. 18 Baylor 73-65 in a semifinal at the Women’s Battle 4 Atlantis on Sunday. The Hoosiers (4-2) will play the winner of Sunday’s second semifinal between No. 16 North Carolina and Villanova for the championship on Monday. The Bears (4-2) will play the loser for third place on Monday. Ciezki made 9 of 16 shots from the floor for the Hoosiers (4-2). She hit 4 of 5 from 3-point range and 12 of 13 at the free-throw line. The junior finished six points shy of her career high — set last season in a 101-73 victory over Central Connecticut. Chloe Moore-McNeil had 10 rebounds to go with seven points for Indiana. Karoline Striplin added eight points off the bench. Yaya Felder came off the bench to hit five 3-pointers and score a season-high 20 to lead Baylor. Jada Walker scored 15 but missed 13 of 16 shots and all three of her shots from distance. She was 9 for 11 at the foul line. Aaronette Vonleh totaled 11 points and eight rebounds but had six of the Bears’ 18 turnovers. Ciezki had nine points and Moore-McNeil scored five to lead the Hoosiers to a 27-18 advantage after one quarter. RELATED COVERAGE Who’s No. 1? No. 2 UConn, No. 5 UCLA and No. 6 Notre Dame all have chance at top spot in AP poll UCLA women are looking for more after program’s first win over No. 1 team in 21 tries No. 1 South Carolina experiences rare sting of defeat, seeing 43-game winning streak end Felder scored eight points in the second quarter, two less than Indiana as a team, and Baylor closed within 37-33 at halftime. Ciezki made all nine of her second-half free throws and scored 20 to help Indiana outscore the Bears 18-16 in each quarter. Indiana shot just 37.5% from the floor and missed 12 of 17 tries from distance, but the Hoosiers went 26 for 30 at the foul line. Baylor shot 33.3% overall, made 7 of 23 from beyond the arc and 16 of 26 free throws. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP women’s college basketball: https://apnews.com/hub/ap-top-25-womens-college-basketball-poll and https://apnews.com/hub/womens-college-basketballBurt died over the weekend, the Crocosaurus Cove reptile aquarium in Darwin, Australia, said. He was at least 90 years old. “Known for his independent nature, Burt was a confirmed bachelor – an attitude he made clear during his earlier years at a crocodile farm,” Crocosaurus Cove wrote in social media posts. The aquarium added: “He wasn’t just a crocodile, he was a force of nature and a reminder of the power and majesty of these incredible creatures. While his personality could be challenging, it was also what made him so memorable and beloved by those who worked with him and the thousands who visited him over the years.” A saltwater crocodile, Burt was estimated to be more than 16 feet long. He was captured in the 1980s in the Reynolds River and became one of the most well-known crocodiles in the world, according to Crocosaurus Cove. The 1986 film stars Paul Hogan as the rugged crocodile hunter Mick Dundee. In the movie, American Sue Charlton, played by actress Linda Kozlowski, goes to fill her canteen in a watering hole when she is attacked by a crocodile before being saved by Dundee. Burt is briefly shown lunging out of the water. But the creature shown in more detail as Dundee saves the day is apparently something else. The Internet Movie Database says the film made a mistake by depicting an American alligator, which has a blunter snout. The Australian aquarium where Burt had lived since 2008 features a Cage of Death which it says is the nation’s only crocodile dive. It said it planned to honour Burt’s legacy with a commemorative sign “celebrating his extraordinary life and the stories and interactions he shared throughout his time at the park”.New report warns of growing national security threat to U.S. as China builds AI: 'Significant and concerning'
Jamichael Stillwell scores 22 to lead Milwaukee to 69-65 victory over St. Thomas-Minnesota
Bad Axe: Wisconsin wary of rival Minnesota with bowl bid in peril
SUGAR LAND, Texas, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. AAOI (" AOI ," " we ," " us " or " our ") announced today that it has closed its exchange with holders (the " Noteholders ") of its 5.25% Convertible Senior Notes due 2026 (the " 2026 Notes ") of approximately $76.7 million principal amount of the 2026 Notes for (i) $125 million aggregate principal amount of 2.75% Convertible Senior Notes due 2030 (the " 2030 Notes "), (ii) 1,487,874 shares of our common stock (the " Exchange Shares ") and (iii) approximately $89.6 thousand in cash representing accrued interest on the 2026 Notes and the value of fractional shares (such transactions, collectively, the " Exchanges "). The 2030 Notes are our senior, unsecured obligations and are equal in right of payment with our existing and future senior, unsecured indebtedness, senior in right of payment to our existing and future indebtedness that is expressly subordinated to the 2030 Notes and effectively subordinated to our existing and future secured indebtedness, to the extent of the value of the collateral securing that indebtedness. The 2030 Notes bear interest at a rate of 2.75% per year, payable semiannually in arrears on January 15 and July 15 of each year, beginning on July 15, 2025. The 2030 Notes will mature on January 15, 2030, unless earlier repurchased, redeemed or converted. The 2030 Notes are convertible at the option of holders of the 2030 Notes under certain specified circumstances, as set forth in the indenture governing the 2030 Notes. We will settle conversions by paying or delivering, as applicable, cash, shares of our common stock or a combination of cash and shares of our common stock, at our election, based on the applicable conversion rate. The initial conversion rate is approximately 23.0884 shares of our common stock per $1,000 principal amount of 2030 Notes, representing an initial conversion price of approximately $43.31 per share of our common stock, an approximately 27.50% premium to the closing price of our common stock on December 18, 2024. If a Make-Whole Fundamental Change (as defined in the indenture governing the 2030 Notes) occurs, and in connection with certain other conversions, we will in certain circumstances increase the conversion rate for a specified period of time. Except in connection with the completion of the Specified Divestiture (as described below), we may not redeem the 2030 Notes prior to January 15, 2027. On or after January 15, 2027, and on or before the 40 th scheduled trading day immediately before the maturity date, we may redeem all or part of the 2030 Notes for cash if the last reported sale price per share of our common stock exceeds 130% of the conversion price on (i) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading day immediately before the date we send the related redemption notice; and (ii) the trading day immediately before the date we send such redemption notice, at a cash redemption price equal to the principal amount of the 2030 Notes to be redeemed, plus accrued and unpaid interest, if any. Holders may require us to repurchase their 2030 Notes upon the occurrence of a Fundamental Change (as defined in the indenture governing the 2030 Notes) at a cash purchase price equal to the principal amount thereof plus accrued and unpaid interest, if any. In addition, the 2030 Notes will be redeemable, in whole or in part, at our option at any time, and from time to time, on or before the 40 th scheduled trading day immediately before the maturity date, at a cash redemption price equal to the principal amount of the 2030 Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date, if the "Specified Divestiture" (as defined in the indenture governing the 2030 Notes) is completed. If the Specified Divestiture is completed, each holder will have the right to require us to repurchase its 2030 Notes for cash at a repurchase price equal to 100% of the principal amount of such 2030 Notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date. The issuance of the 2030 Notes, the Exchange Shares and the shares of our common stock issuable upon conversion of the 2030 Notes have not been registered under the Securities Act of 1933, as amended (the " Securities Act "), and the 2030 Notes, the Exchange Shares and such shares issuable upon conversion of the 2030 Notes may not be offered or sold without registration or an applicable exemption from the registration requirements of the Securities Act and applicable state or other jurisdictions' securities laws, or in transactions not subject to those registration requirements. Concurrently with the Exchanges, AOI issued an aggregate of 1,036,458 shares of common stock, at a purchase price of $33.97 per share, in a registered direct offering (the " Registered Direct Offering "). Estimated net proceeds from the Registered Direct Offering are approximately $33.7 million after deducting placement agent fees and estimated offering expenses incurred by us. We intend to use the net proceeds for general corporate purposes, which may include, among other things, capital expenditures and working capital. We may also use such proceeds to fund acquisitions of businesses, technologies or product lines that complement our current business; however, we have no present plans, agreements or commitments with respect to any potential acquisition. Stefan Murry, AOI's Chief Financial Officer and Chief Strategy Officer, stated that "AOI expects to benefit from the convertible debt exchange transactions and the concurrent registered direct offering by, among other things, extending our convertible debt from 2026 to 2030, reducing our existing interest expense and strengthening the cash position of our balance sheet by approximately $30.2 million through the registered direct offering. In addition, the convertible debt exchange transactions increase our financial flexibility by removing certain existing restrictive covenants in our 2026 Notes. We were able to execute these transactions with minimal additional dilution of approximately 0.5%, compared to the implied dilution of the shares underlying the 2026 Notes." The Registered Direct Offering was made pursuant to an automatic shelf registration statement on Form S-3ASR (Registration File No. 333-283905), which was filed with the U.S. Securities and Exchange Commission (the " SEC ") on December 18, 2024, and became effective immediately upon filing, including the prospectus contained therein, as supplemented by the prospectus supplement dated December 18, 2024 filed with the SEC pursuant to Rule 424(b) under the Securities Act on December 20, 2024. The prospectus supplement and accompanying prospectus relating to the Registered Direct Offering are available on the SEC's website at www.sec.gov . Raymond James & Associates, Inc. acted as AOI's exclusive financial advisor in connection with the Exchanges and acted as the sole placement agent in connection with the Registered Direct Offering. Haynes Boone LLP acted as legal advisor to AOI and Mayer Brown LLP acted as legal advisor to Raymond James & Associates, Inc., in connection with the Exchanges and the Registered Direct Offering. This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Forward-Looking Information This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "could," "would," "target," "seek," "aim," "predicts," "think," "objectives," "optimistic," "new," "goal," "strategy," "potential," "is likely," "will," "expect," "plan" "project," "permit" or by other similar expressions that convey uncertainty of future events or outcomes. Such forward-looking statements reflect the views of management at the time such statements are made. These forward-looking statements involve risks and uncertainties, as well as assumptions and current expectations, which could cause our actual results to differ materially from those anticipated in such forward-looking statements. These risks and uncertainties include but are not limited to: reduction in the size or quantity of customer orders; change in demand for our products due to industry conditions; changes in manufacturing operations; volatility in manufacturing costs; delays in shipments of products; disruptions in the supply chain; change in the rate of design wins or the rate of customer acceptance of new products; our reliance on a small number of customers for a substantial portion of its revenues; potential pricing pressure; a decline in demand for our customers' products or their rate of deployment of their products; general conditions in the internet datacenter, cable television (CATV) broadband, telecom, or fiber-to-the-home (FTTH) markets; changes in the world economy (particularly in the United States and China); changes in the regulation and taxation of international trade, including the imposition of tariffs; changes in currency exchange rates; the negative effects of seasonality; the impact of any pandemics or similar events on our business and financial results; and other risks and uncertainties described more fully in our documents filed with or furnished to the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024. More information about these and other risks that may impact our business are set forth in the "Risk Factors" section of our quarterly and annual reports on file with the SEC. You should not rely on forward-looking statements as predictions of future events. All forward-looking statements in this press release are based upon information available to us as of the date hereof, and qualified in their entirety by this cautionary statement. Except as required by law, we assume no obligation to update forward-looking statements for any reason after the date of this press release to conform these statements to actual results or to changes in our expectations. About Applied Optoelectronics Applied Optoelectronics Inc. (AOI) is a leading developer and manufacturer of advanced optical products, including components, modules and equipment. AOI's products are the building blocks for broadband fiber access networks around the world, where they are used in the CATV broadband, internet datacenter, telecom and FTTH markets. AOI supplies optical networking lasers, components and equipment to tier-1 customers in all four of these markets. In addition to its corporate headquarters, wafer fab and advanced engineering and production facilities in Sugar Land, TX, AOI has engineering and manufacturing facilities in Taipei, Taiwan and Ningbo, China. Investor Relations Contacts: The Blueshirt Group, Investor Relations Monica Gould +1-212-871-3927 ir@ao-inc.com Cassidy Fuller +1-415-217-4968 ir@ao-inc.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.First treatment in 50 years for serious asthma attacks is ‘game-changer’