Semilux International Ltd. Announces Filing of Annual Report on Form 20-F for December 31, 2023
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2024
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Should l Buy SELX?
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- Semilux International Ltd. Annual Report: Semilux International Ltd. filed its annual report on Form 20-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission.
- Accessing the Report: The Form 20-F can be accessed on the SEC's website or Semilux's website.
- Hard Copy Request: Shareholders can request a hard copy of the Form 20-F, including audited financial statements, from the Company's Investor Relations department.
- About Semilux International Ltd.: Semilux is based in the Cayman Islands and operates through subsidiaries involved in optical and 3D sensing technology for various industries.
- Forward-Looking Statements: The press release contains forward-looking statements regarding Semilux's growth, expansion, and risks associated with future events.
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About SELX
Semilux International Ltd. operates through its subsidiaries, Taiwan Color Optics, Inc. (TCO) and Semilux Ltd. TCO is an optical and three-dimensional (3D) sensing technology company. The Company, through its subsidiaries, is primarily involved in the customization, design and supply of optical components and integrated chip for various industries, including autonomous driving, intelligent lighting, as well as unmanned aerial vehicles. In collaboration with its clients, the Company conceptualizes and produces high precision optics and sensing modules that are specifically customized to client’s needs for ease of integration in overall design and production. Applications for its products include automotive laser headlight systems, adaptive driving beams (ADB) as well as light detection and autonomous driving systems (LiDAR).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Delisting Risk: Failure to restore compliance by the deadline will result in a delisting notice from Nasdaq, which the company can appeal, although the success of such an appeal is uncertain, increasing investor anxiety.
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- Proactive Monitoring Measures: The company intends to actively monitor its market value and implement reasonable measures to regain compliance, although it cannot guarantee meeting Nasdaq's continued listing standards despite its diligent efforts.
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Compliance Period: The company has a 180-day compliance period until May 11, 2026, to regain compliance by maintaining a share price of at least $1.00 for 10 consecutive business days.
Potential Actions: Semilux is considering options to regain compliance, including the possibility of implementing a reverse stock split.
Company Overview: Semilux operates through its subsidiary Taiwan Color Optics, Inc., focusing on optical and 3D sensing technology for various industries, including automotive and unmanned aerial vehicles.
See More
