GigaMedia Limited announced on March 7, 2025, the purchase of a US$2,600,000 principal amount convertible promissory note issued by Aeolus Robotics Corporation. Aeolus Robotics is a global company focused on designing, manufacturing, processing, and selling intellectual robotics. This investment marks a strategic move for GigaMedia into the robotics sector, signaling diversification.
The convertible note bears an interest rate of 4.5% per annum and has a maturity period of 36 months. GigaMedia holds the option to convert all or a portion of the principal amount into ordinary shares of Aeolus at a price of US$0.02 per share upon maturity, prepayment, or certain other events. This provides GigaMedia with potential equity upside in Aeolus.
This transaction establishes a longer-term strategic relationship between GigaMedia and Aeolus Robotics. GigaMedia stated it continually reviews investment alternatives and may engage in additional transactions involving Aeolus's securities, indicating a potential for further collaboration or investment in the future.
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