debt
confidence high
sentiment neutral
materiality 0.40
SemiLEDs extends CEO and largest shareholder loans of $3.2M to Jan 2023 at 8%
SemiLEDs Corp
- Chairman/CEO loan of $1.7M and largest shareholder loan of $1.5M extended one year to January 15, 2023.
- Both loans carry 8% annual interest; terms otherwise unchanged from 2019 originals.
- Proceeds were used in 2019 to return deposit to Formosa Epitaxy after cancellation of building sale.