secwatch.observer — SEC 8-K summary
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Issuer:     SemiLEDs Corp (LEDS)
CIK:        0001333822
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0000950170-25-033054
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SemiLEDs amends loan to allow up to $1.2M stock repayment; issues shares to two lenders
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- Sixth Amendment with Simplot Taiwan Inc increases stock-repayment cap from $400K to $1.2M.
- On Feb 28, SemiLEDs delivers 722,891 shares to Simplot Taiwan Inc for $1.2M principal repayment.
- Simultaneously delivers 240,963 shares to CEO Trung Doan for $400K principal repayment.
- Shares priced at $1.66 each, based on Feb 27 closing price; issued without registration under Section 4(a)(2).
- Loan agreements with both lenders extended to Jan 15, 2026, at 8% interest secured by HQ building.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1333822/000095017025033054/0000950170-25-033054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1333822/000095017025033054/leds-20250228.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-033054

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