May. 30 at 8:53 PM
$LEDS In other recent news, SemiLEDS Corporation has made significant progress in its financial and operational activities. The company successfully met NASDAQ's new shareholders' equity requirements, reaching
$3.6 million in shareholders' equity as of February 28, 2025, thereby eliminating the risk of delisting. This development follows NASDAQ's previous notification that SemiLEDS failed to meet the minimum shareholders' equity requirement of
$2.5 million. Additionally, SemiLEDS strategically extended its loan agreements, allowing itself an additional year to repay its debt. The company has chosen to issue common stock to repay a combined principal amount of USD 1.6 million, issuing 722,891 shares to Simplot Taiwan Inc. and 240,963 shares to Trung Doan. This decision helps manage financial obligations without an immediate cash outflow, although it may dilute current shareholders.