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TAIPEI - GigaMedia Limited (NASDAQ:GIGM), a micro-cap company with a market capitalization of $15.78 million, announced Monday it has purchased a $1.5 million convertible promissory note from Aeolus Robotics Corporation, a company focused on intellectual robotics design and manufacturing.
The note carries a 4.5% annual interest rate with a 36-month maturity period. According to the terms disclosed in the press release, GigaMedia has the option to convert all or part of the principal amount into Aeolus ordinary shares at $0.02 per share upon maturity, prepayment, or when certain specified events occur.
Both companies described the transaction as representing a "mutual commitment to a longer-term strategic relationship," though specific details about potential collaborative efforts were not provided.
GigaMedia, headquartered in Taipei, operates as a digital entertainment services provider in Taiwan and Hong Kong. The company specializes in development, distribution and operation of digital entertainment with a focus on mobile and casual games. While the company holds more cash than debt on its balance sheet, InvestingPro analysis reveals revenue declined by ~16% in the last twelve months.
The company indicated it continues to review investment alternatives and may make additional investments in Aeolus securities in the future, subject to applicable regulations.
The announcement comes as GigaMedia appears to be diversifying its investment portfolio beyond its core digital entertainment business. The company filed its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission in April 2025.
In other recent news, GigaMedia Ltd announced the purchase of a convertible note from Aeolus Robotics Corporation, though specific details about the size, terms, or value of the note were not disclosed. This information was released in a press statement filed with the U.S. Securities and Exchange Commission. Additionally, GigaMedia reported that all resolutions were approved at its Annual General Meeting, with significant shareholder support for the adoption of audited financial statements and the appointment of auditors. The resolutions also included approval for directors’ remuneration and authority to allot and issue shares. Furthermore, the company announced its annual general meeting of shareholders, which will discuss corporate matters including financial statements for the year 2024. Documents related to the meeting were filed with the SEC, ensuring that shareholders have the necessary information to vote on corporate matters. The filing was signed by the CEO, Huang Cheng-Ming, indicating executive acknowledgment of the report. These developments reflect GigaMedia’s ongoing corporate governance efforts and investor engagement.
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