Gigamedia announces partial conversion of convertible note of aeolus robotics corporation

Taipei, jan. 25, 2022 /prnewswire/ -- gigamedia limited (nasdaq: gigm) today announced that, on january 21, 2022, the company has received the certificates of the 735,835 shares of the series b preferred shares issued by aeolus robotics corporation ("aeolus"), as a result of its conversion of 20% of the us$10,000,000 principal amount convertible promissory note (the "note") issued by aeolus. the conversion was exercised in accordance with the right under the note and was in the amount of us$2,000,000 at the conversion price of us$2.718 per share, effective december 30, 2021.
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