SemiLEDs allows CEO to convert $800k loan into shares; issues 629,921 shares at $1.27

SemiLEDs Corp

Fifth Amendment to loan with Chairman/CEO Trung Doan allows stock repayment of up to $800,000 at closing price.
SemiLEDs delivered payment notice to prepay $800k principal with 629,921 shares at $1.27 per share (Feb 8 close).
Original $1.7M loan from Jan 2019, 8% interest, secured by HQ building; maturity extended to Jan 2025.
Shares were issued in a private placement under Section 4(a)(2) of the Securities Act.
The stock-based repayment dilutes existing shareholders and suggests limited cash availability.

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