secwatch.observer — SEC 8-K summary
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Issuer:     SemiLEDs Corp (LEDS)
CIK:        0001333822
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0000950170-23-026514
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1333822/000095017023026514/0000950170-23-026514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1333822/000095017023026514/leds-20230606.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-026514

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