Semilux International Ltd. Announces Closing of up to $50 Million Common Stock Purchase Transaction with White Lion Capital
Semilux International Ltd. (SELX)
Company Research
Source: GlobeNewswire
Taipei, Taiwan, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Semilux International Ltd. ("Semilux" or the "Company") (NASDAQ: SELX), a provider of application-specific integrated circuit (“ASIC”), LiDAR and ADB components and solutions, today announced that it has entered into a common stock purchase agreement (the "Agreement") with White Lion Capital, LLC ("White Lion Capital"), a Nevada limited liability company. The Agreement governs a committed equity facility that provides the Company with the right, without the obligation, to sell White Lion Capital up to $50 million of its common stock, subject to certain limitations and conditions. The Company intends to use the net proceeds from the transaction for working capital to advance the Company’s ASIC, LiDAR, and ADB technologies to meet the industry's growing demand for safety standards. Pursuant to the Agreement, White Lion Capital has committed to purchase up to $50.0 million of the Company’s common stock at Semilux’s request from time
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- Semilux International Ltd. and Taiwan Color Optics, Inc., a Taiwan-based provider of LiDAR and ADB components and solutions, together with Chenghe Acquisition Co. Announce Closing of Business CombinationGlobeNewswire
SELX
Sec Filings
- 4/30/24 - Form NT
- 2/26/24 - Form 15-12G
- 2/26/24 - Form 4
- SELX's page on the SEC website