2023-09-08 09:56:42 ET
- GigaMedia ( NASDAQ: GIGM ) said Friday it has entered into and executed with Aeolus Robotics an agreement of amendment to the Aeolus convertible promissory note.
- The amendment is to extend the due date of the note for the outstanding US$7 million principal, with advantageous terms and conditions.
- For the amended note, the remaining principal of US$7 million, bearing an interest rate of 4% per annum, shall be due in 30 months from the date of the amendment.
- Press Release .
For further details see:
GigaMedia amends maturity on promissory note