AEM Holdings Raises S$12m, Grants 28.11m Warrants to ASE
AEM Holdings will raise S$12 million through a private placement of 3.35 million shares at S$3.591 each to an ASE subsidiary, representing 1.06% of its share capital. ASE will also receive 28.11 million detachable warrants exercisable at 103% and 105% of VWAP, potentially adding 8.94% equity.
1. Strategic Partnership and Funding
AEM Holdings has formed a strategic partnership with ASE Technology’s ISE Labs to combine AEM’s scalable, high-parallel test technologies with ASE’s high-volume advanced packaging and test capabilities for next-generation AI and HPC applications. The S$12 million raised will support AEM’s Taiwan expansion, accelerate integration of test architectures into ASE’s manufacturing, advance its product roadmap and speed joint go-to-market initiatives.
2. Share Placement and Warrant Structure
The deal involves issuing 3,350,000 ordinary shares at S$3.591 per share to an ASE subsidiary, equal to 1.06% of AEM’s issued capital, for gross proceeds of approximately S$12 million. In addition, ASE will receive 28,111,856 free detachable warrants split into two tranches exercisable at 103% and 105% of VWAP, which if fully exercised would add 8.94% to current share capital, pending Singapore Exchange approval.