secwatch.observer — SEC 8-K summary
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Issuer:     SemiLEDs Corp (LEDS)
CIK:        0001333822
Form:       8-K
Filed at:   2023-01-18T23:59:59+00:00
Accession:  0000950170-23-000836
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SemiLEDs extends maturity of $3.2M related-party loans by one year to Jan 2024
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- Loans from Chairman Trung Doan ($1.7M) and largest shareholder J.R. Simplot ($1.5M), each at 8% interest, extended to Jan 15, 2024.
- Proceeds were used to return deposit to Formosa Epitaxy for cancelled building sale.
- No changes to interest rate or other terms; this is the third maturity extension.
- Both lenders are insiders of the company; transaction is a related-party amendment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1333822/000095017023000836/0000950170-23-000836-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1333822/000095017023000836/leds-20230113.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000836

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer