GigaMedia Announces Partial Extension of Aeolus Convertible Note
- Extension of due date for outstanding US$7 million principal with advantageous terms and conditions
- None.
For the amended Note, the remaining principal of
The agreement was entered into for the purpose of remaining strategically engaged while reducing the Company's exposure. GigaMedia continually reviews its investment alternatives and may enter into additional transactions of Aeolus's securities from time to time in accordance with applicable laws.
About GigaMedia
Headquartered in
The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. GigaMedia cautions readers that forward-looking statements are based on the Company's current expectations and involve a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Information as to certain factors that could cause actual results to vary can be found in GigaMedia's Annual Report on Form 20-F filed with the United States Securities and Exchange Commission in April 2023.
View original content:https://www.prnewswire.com/news-releases/gigamedia-announces-partial-extension-of-aeolus-convertible-note-301921842.html
SOURCE GigaMedia