{"id":823097,"date":"2025-03-07T09:04:43","date_gmt":"2025-03-07T14:04:43","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gigamedia-announces-purchase-of-convertible-note-of-aeolus-robotics-corporation\/"},"modified":"2025-03-07T09:04:43","modified_gmt":"2025-03-07T14:04:43","slug":"gigamedia-announces-purchase-of-convertible-note-of-aeolus-robotics-corporation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gigamedia-announces-purchase-of-convertible-note-of-aeolus-robotics-corporation\/","title":{"rendered":"GigaMedia Announces Purchase of Convertible Note of Aeolus Robotics Corporation"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n TAIPEI<\/span>
\n <\/span>, March 7, 2025<\/span><\/span> \/PRNewswire\/ — GigaMedia Limited (NASDAQ: GIGM) today announced that the Company has entered into and executed an agreement to purchase a US$2,600,000<\/span> principal amount of convertible promissory note (the “Note”) issued by Aeolus Robotics Corporation (“Aeolus”), a global company primarily engaged in designing, manufacturing, processing and sales of intellectual robotics.<\/p>\n

The Note, bearing interest at a rate of 4.5% per annum, shall be due in 36 months, and all or a portion of the principal amount under the Note may be convertible at GigaMedia’s option upon maturity, upon prepayment, or when certain events occur, into ordinary shares of Aeolus at a price of US$0.02<\/span> per share.<\/p>\n

The purchase and sale of the Note exhibits GigaMedia and Aeolus’s mutual commitment to a longer-term strategic relationship. GigaMedia continually reviews its investment alternatives and may enter into additional transactions of Aeolus’s securities in accordance with applicable laws.<\/p>\n

\n About GigaMedia<\/b>\n <\/p>\n

Headquartered in Taipei, Taiwan<\/span>, GigaMedia Limited (Singapore<\/span> registration number: 199905474H) is a diversified provider of digital entertainment services in Taiwan<\/span> and Hong Kong<\/span>. GigaMedia’s digital entertainment service business is an innovative leader in Asia<\/span> with growing capabilities of development, distribution and operation of digital entertainments, as well as platform services for games with a focus on mobile games and casual games. More information on GigaMedia can be obtained from www.gigamedia.com<\/a>.<\/p>\n

\n 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 2024<\/span>.<\/i>\n <\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/gigamedia-announces-purchase-of-convertible-note-of-aeolus-robotics-corporation-302395606.html<\/a><\/p>\n

SOURCE GigaMedia<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire TAIPEI , March 7, 2025 \/PRNewswire\/ — GigaMedia Limited (NASDAQ: GIGM) today announced that the Company has entered into and executed an agreement to purchase a US$2,600,000 principal amount of convertible promissory note (the “Note”) issued by Aeolus Robotics Corporation (“Aeolus”), a global company primarily engaged in designing, manufacturing, processing and sales of intellectual robotics. The Note, bearing interest at a rate of 4.5% per annum, shall be due in 36 months, and all or a portion of the principal amount under the Note may be convertible at GigaMedia’s option upon maturity, upon prepayment, or when certain events occur, into ordinary shares of Aeolus at a price of US$0.02 per share. The purchase and sale of the Note … <\/p>\n

Continue reading “GigaMedia Announces Purchase of Convertible Note of Aeolus Robotics Corporation”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-823097","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGigaMedia Announces Purchase of Convertible Note of Aeolus Robotics Corporation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gigamedia-announces-purchase-of-convertible-note-of-aeolus-robotics-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GigaMedia Announces Purchase of Convertible Note of Aeolus Robotics Corporation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire TAIPEI , March 7, 2025 \/PRNewswire\/ — GigaMedia Limited (NASDAQ: GIGM) today announced that the Company has entered into and executed an agreement to purchase a US$2,600,000 principal amount of convertible promissory note (the “Note”) issued by Aeolus Robotics Corporation (“Aeolus”), a global company primarily engaged in designing, manufacturing, processing and sales of intellectual robotics. The Note, bearing interest at a rate of 4.5% per annum, shall be due in 36 months, and all or a portion of the principal amount under the Note may be convertible at GigaMedia’s option upon maturity, upon prepayment, or when certain events occur, into ordinary shares of Aeolus at a price of US$0.02 per share. 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