SemiLEDs extends convertible notes maturity to May 2024, lowers conversion price to $2.046

SemiLEDs Corp

Extended maturity of $1.4M total convertible notes from May 30, 2023 to May 30, 2024.
Conversion price reduced from $3.00 to $2.046 per share for both notes.
Notes held by Simplot Taiwan ($1.2M principal) and CEO Trung Doan ($200k principal).
All other terms and conditions of the notes remain unchanged.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SemiLEDs Corp amended Third Amendment to Convertible Unsecured Promissory Notes with J.R. Simplot Company and Trung Doan (effective 2023-06-06).

Action: amendment
Agreement: notes offering
Counterparty: J.R. Simplot Company and Trung Doan
Effective: 2023-06-06

Exact text from the filing

On June 6, 2023, the Company entered into the Third Amendment to Convertible Unsecured Promissory Notes (“Third Amendments”) to amend the Notes to (i) extend the maturity date from May 30, 2023 to May 30, 2024, and (ii) change the conversion price from $3 to $2.046.

View on SEC.gov

Browse all material agreements →

SemiLEDs Corp filing history →

Source: SEC EDGAR

accession 0000950170-23-026514

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.