Gigamedia announces purchase of convertible note of aeolus robotics corporation

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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