GigaMedia Limited has announced a new strategic partnership with Aeolus Robotics Corporation through the purchase of a US$1,500,000 convertible promissory note. This transaction not only signifies GigaMedia's investment in Aeolus but also highlights the companies' mutual commitment to fostering a longer-term strategic relationship. The note, which carries an interest rate of 4.5% per annum and matures in 36 months, offers GigaMedia the option to convert the principal amount into Aeolus's ordinary shares. This development underscores GigaMedia's ongoing evaluation of investment opportunities and potential for further collaboration with Aeolus in the field of intellectual robotics.
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