# GigaMedia Announces Subscription for Aeolus Preferred Shares by Conversion and Settlement of Aeolus Convertible Notes

- Link: https://www.thailand-business-news.com/pr-news/gigamedia-announces-subscription-for-aeolus-preferred-shares-by-conversion-and-settlement-of-aeolus-convertible-notes
- Published: 2026-06-16T20:00:00+07:00
- Author: PR Newswire

TAIPEI, June 16, 2026 /PRNewswire/ — GigaMedia Limited (NASDAQ: GIGM) today announced
that effective June 16, 2026, the Company has entered into and executed with Aeolus
Robotics Corporation ("Aeolus") agreements of subscription of 719.09 million Aeolus
Series C Preferred Shares by conversion and settlement of the convertible promissory
notes issued by Aeolus and purchased by GigaMedia from September 2023 to February
2026, total principals amounting to US$12.37 million. The subscription consideration
for the shares is equivalent to an average approximately US$0.0176 per share.

After the transaction, GigaMedia holds 719.83 million Aeolus preferred shares and
the Company’s ownership of Aeolus voting rights increased to approximately 33.35%.
The investment in Aeolus securities is thereby accounted for under the equity method,
whereas they were previously classified as available-for-sale, reported at fair 
value in GigaMedia’s financial statements.

**Information on Aeolus and Investment Rationale**

Aeolus Robotics Corporation, a private company incorporated in Cayman Islands with
subsidiaries and offices in East Asia, Europe and the U.S., is an R&D company engaged
in developing AI-enabled service robots, specifically in elderly-care, night shift
patrol, and UVC disinfection.

AI and robot are believed to be two game changers for future businesses. The global
industrial and service robot market is projected to grow rapidly in a few years,
and Aeolus, leveraging its technical finesse and strategic investor relationships,
is ready for entering service robot markets in Japan, America and other countries
that are experiencing severe labor shortages or high costs.

Aeolus is led by Richard Lee, also known as Lee, Tsung-Jung, has extensive experience
in Taiwan’s information technology industry, with senior executive roles spanning
Acer, ASUS, Synology, QNAP, and Aeolus Robotics. He previously served as Vice President
of ASUS Computer, General Manager of Synology, and President of QNAP, where he contributed
to the development and commercialization of Taiwan technology products in global
PC, storage, NAS, and IoT-related markets.

As of and for the year ended December 31, 2025, Aeolus reported the unaudited net
loss of US$8.98 million with total assets of US$4.38 million.

The agreements were entered into for the purpose of strategically supporting the
investee in its efforts of exploring AI-enabled service robots. GigaMedia continually
reviews its investment alternatives and may enter into additional transactions of
Aeolus’s securities from time to time in accordance with applicable laws.

**About GigaMedia**

Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number:
199905474H) is a diversified provider of digital entertainment services in Taiwan
and Hong Kong. GigaMedia’s digital entertainment service business is an innovative
leader in Asia with growing capabilities of development, distribution and operation
of digital entertainments, as well as platform services for games with a focus on
mobile games and casual games. More information on GigaMedia can be obtained from
[www.gigamedia.com](https://www.gigamedia.com/).

_The statements included above and elsewhere in this press release that are not 
historical in nature are "forward-looking statements" within the meaning of the "
safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.
GigaMedia cautions readers that forward-looking statements are based on the Company’s
current expectations and involve a number of risks and uncertainties. Actual results
may differ materially from those contained in such forward-looking statements. Information
as to certain factors that could cause actual results to vary can be found in GigaMedia’s
Annual Report on Form 20-F filed with the United States Securities and Exchange 
Commission in April 2026._

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