Taipei, Taiwan China, 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 to time during the period beginning on the effective date of a registration statement related to the transaction and at prices based on the market price at the time of each sale.
Dr. Yung-Peng Chang, Chairman of the Board, Director and Co-Chief Executive Officer of Semilux, commented, "We are pleased to announce the closing of the Agreement with White Lion Capital. The Agreement signifies the robust vote of confidence we have garnered from investors and provides Semilux with efficient and opportunistic access to the U.S. capital market as we continue to enhance our global brand and expand our U.S. customer base. We plan to harness the resources to develop our core technology and advance our market competitiveness in the autonomous vehicle market to deliver sustainable values for our shareholders. The infusion of equity is expected to significantly strengthen our investments in existing programs and facilitate strategic expansion of our portfolio."
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
中國臺灣台北,2024年2月22日(GLOBE NEWSWIRE)——特定應用集成電路(“ASIC”)、激光雷達和亞行組件和解決方案提供商Semilux國際有限公司(“Semilux” 或 “公司”)(納斯達克股票代碼:SELX)今天宣佈,它已與白獅資本有限責任公司(“白獅資本”)簽訂普通股購買協議(“協議”)(“白獅資本”)),內華達州的一家有限責任公司。該協議適用於一項承諾股權融資,該機制賦予公司無義務出售高達5000萬美元的White Lion Capital普通股的權利,但須遵守某些限制和條件。該公司打算將交易的淨收益用作營運資金,以推進公司的ASIC、LiDAR和ADB技術,以滿足該行業對安全標準不斷增長的需求。
根據該協議,White Lion Capital承諾在與交易相關的註冊聲明生效之日起的期限內,不時應Semilux的要求購買公司高達5,000萬美元的普通股,價格基於每次出售時的市場價格。
Semilux董事會主席、董事兼聯席首席執行官張永鵬博士評論說:“我們很高興地宣佈與白獅資本的協議已經結束。該協議標誌着我們從投資者那裏獲得了強烈的信任票,並在我們繼續提升全球品牌和擴大美國客戶群的同時,爲Semilux提供了進入美國資本市場的高效、機會主義的渠道。我們計劃利用資源開發我們的核心技術,提高我們在自動駕駛汽車市場的市場競爭力,爲股東創造可持續的價值。股權注入預計將顯著加強我們對現有計劃的投資,並促進我們投資組合的戰略擴張。”
本新聞稿不構成出售要約或徵求購買任何證券的要約,在根據任何此類州或其他司法管轄區的證券法進行註冊或獲得資格認證之前,任何州或其他司法管轄區也不會出售這些證券。