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GigaMedia converts notes into 719 million Aeolus Series C preferred shares for US$12.37 million
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GigaMedia converts notes into 719 million Aeolus Series C preferred shares for US$12.37 million
  • GigaMedia converted Aeolus convertible promissory notes into 719,090,000 Aeolus Series C Preferred Shares, effective June 16, 2026.
  • Conversion settled US$ 12.37 million of principal, implying an average subscription price of about US$ 0.02 per share.
  • Post-transaction stake rose to 719,830,000 Aeolus preferred shares, lifting voting rights to about 33.35%.
  • Investment classification shifts to the equity method from available-for-sale, previously carried at fair value.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GigaMedia Limited published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606160900PR_NEWS_USPR_____HK84759) on June 16, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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