GigaMedia将700万美元的Aeolus可转换票据延长至2026年5月31日

2026-03-02 22:18

GigaMedia (GIGM) said on Monday it had executed a second amendment to extend the maturity date of a convertible promissory note issued by Aeolus Robotics Corporation.
The $7 million outstanding principal under the note will now mature on May 31, 2026, and will continue to bear interest at 4% per annum.
The principal may be converted, in whole or in part, upon maturity, prepayment or certain events, including Aeolus’s next equity financing round or initial public offering, at the lower of $1.25 per share or 80% of the offering price, if applicable.
The company said the amendment was intended to support Aeolus’s recent financing activities and that it may enter into additional transactions involving Aeolus securities in accordance with applicable laws.
GIGM closed +0.64% at $1.57.
Source: Press Release

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