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 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.
About GigaMedia
Headquartered in Taipei,
Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is
a diversified provider of digital entertainment services in
Taiwan and Hong Kong. GigaMedia's digital entertainment
service business is an innovative leader in Asia 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.
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.
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SOURCE GigaMedia
