M31 Welcomes InnoGrit as Strategic Investor via Private Placement to Deepen AI Server IP Collaboration

IP provider M31 (6643-TW) convened a board meeting and resolved to conduct a cash capital increase through private placement of ordinary shares, introducing stock market leader InnoGrit (5274-TW) as a strategic investor. The two companies will collaborate on interface IP related to server applications. InnoGrit plans to acquire 530,000 ordinary shares of M31 at NT$353 per share. Based on the previous day's closing price, this represents approximately a 15% discount, with a total investment amount of NT$187 million.

M31 stated that this transaction is being carried out under authorization from the shareholders' meeting, further deepening the existing cooperative foundation and strengthening the strategic partnership to jointly promote future business development and market positioning.

InnoGrit is an important partner of M31, with long-standing close collaboration in related business fields. M31 anticipates that InnoGrit's participation in the private placement and acquisition of equity will further strengthen cooperation in product development, market expansion, and customer resource sharing. By integrating each party's strengths, the overall operational efficiency and market competitiveness will be enhanced, accelerating the execution of M31's medium- to long-term growth strategy.

The NT$187 million raised through this private placement will primarily be used to strengthen working capital and meet future business expansion needs. The capital injection will further improve financial flexibility and the stability of the capital structure, while supporting various growth initiatives and market development strategies. Going forward, collaboration with InnoGrit Technology in the field of server application-related interface IP is expected to create more market access opportunities and customer development benefits, further expanding M31's operational scale and market influence.

M31 stated that introducing a strategic investor will not only help strengthen the company's overall competitive advantage but also demonstrates a high level of recognition from its partners regarding M31's long-term development prospects. The company will continue to focus on core technology development and market expansion to create greater corporate value and deliver long-term, stable returns to shareholders.

The transaction will proceed with the issuance of privately placed ordinary shares in accordance with the Securities and Exchange Act and related regulations. Relevant resolutions have been reported and announced on the public information observation station as required by regulatory authorities to ensure transparency and protect investor rights.