GigaMedia Amends Financing Terms with Aeolus Robotics for Strategic Investment Enhancement

GigaMedia Strengthens Ties with Aeolus Robotics through Financing Amendment

GigaMedia Limited (NASDAQ: GIGM), based in Taipei, Taiwan, announces a strategic move aimed at reinforcing its financial relationship with Aeolus Robotics Corporation. On March 2, 2026, GigaMedia enters into a second amendment agreement concerning a convertible promissory note originally executed on August 31, 2020. This amendment modifies the terms of a US$7 million principal amount, extending its due date to May 31, 2026. Moreover, it sets the interest rate at a moderate 4% per annum, illustrating GigaMedia’s commitment to supporting Aeolus in its financing endeavors.

The amended promissory note has strategic conversion options, allowing it to convert on either maturity or specific triggering events, such as Aeolus's next equity financing or an initial public offering (IPO). The conversion price is defined at either US$1.25 per share or 80% of the applicable offering price, ensuring that GigaMedia maintains a favorable position in its investment. This development not only shows GigaMedia's willingness to adapt its financial agreements but also emphasizes its intent to potentially increase its investment in Aeolus, signalling confidence in the robotics firm's prospects within the growing tech landscape.

GigaMedia is well-known for its innovative approach within the digital entertainment sector, particularly in mobile and casual gaming. The company continuously evaluates potential investments that align with its growth-oriented business model. By entering into this revised agreement with Aeolus, GigaMedia reaffirms its strategy to align itself with promising ventures that can enhance its portfolio and drive future growth. As the landscape for digital technologies evolves, GigaMedia positions itself as a proactive player, looking for synergies and expansion opportunities to support its long-term vision.

In addition to the amendment, GigaMedia cautions stakeholders that the statements made are forward-looking and based on current expectations fraught with risks and uncertainties. The variance between anticipated and actual results could significantly affect the company. For more nuanced insights into potential risks, GigaMedia directs interested parties to its Annual Report, which is filed with the U.S. Securities and Exchange Commission.

As GigaMedia continues to strengthen its partnerships and expand its investment portfolio, its offerings in digital entertainment remain a focal point of interest within the industry. To explore GigaMedia's range of services and innovations, stakeholders can visit its website at www.gigamedia.com.