ASE Test, Inc. 4
4 · Ainos, Inc. · Filed Apr 15, 2026
Research Summary
AI-generated summary of this filing
Ainos (AIMD) 10% Owner ASE Test Acquires 5,994 Shares
What Happened
ASE Test, Inc. — reported as a 10% owner and an indirectly wholly‑owned subsidiary of ASE Technology Holding Co., Ltd. — reported a purchase (code P) of 5,994 shares of Ainos, Inc. (AIMD) on 2026-04-12. The filing lists this as a derivative-related acquisition (no per‑share price or total value reported). The underlying position relates to convertible promissory notes previously issued to ASE Test.
Key Details
- Transaction date: 2026-04-12; filing date: 2026-04-15 (Form 4 accession 0000950103-26-005723).
- Reported acquisition: 5,994 shares; price: N/A (no dollar value reported).
- Shares owned after the transaction: not disclosed in the filing.
- Notable footnotes:
- F1: ASE Test directly holds the convertible notes; ASE Technology Holding Co., Ltd. reports indirect ownership.
- F2: The original $2.0M convertible note (issued 3/13/2023) was amended to extend maturity to 3/12/2027 and set a variable conversion price (lower of $7.50 or a market‑based floor, as amended).
- F3: A 5‑for‑1 reverse stock split on 6/30/2025 adjusted the conversion price terms (now the lower of $37.50 or a market‑based calculation with a $22.50 floor), subject to anti‑dilution adjustments.
- No indication in the filing that the report was late.
Context
This filing reflects an institutional 10% owner acquiring shares tied to convertible‑note rights rather than an executive buying stock on the open market. Convertible note conversions or derivative transactions often result from contractual conversion rights and do not by themselves indicate management sentiment. No cash price or total value was provided, and the conversion mechanics are governed by the amended note terms and the 2025 reverse split adjustments.
Insider Transaction Report
- Purchase
6% Convertible Note due 2027 (previously due 2025)
[F2][F3][F1]2026-04-12+5,994→ 105,868 totalExercise: $22.50→ Common Stock, par value $0.01 (5,994 underlying)
Footnotes (3)
- [F1]The convertible notes with respect to shares of common stock, $0.01 par value (the "Common Stock"), of Ainos, Inc., a Texas corporation (the "Issuer") reported herein are directly held by ASE Test, Inc., an indirectly wholly-owned subsidiary of ASE Technology Holding Co., Ltd. Accordingly, ASE Technology Holding Co., Ltd. is reporting indirect ownership of the securities held by ASE Test, Inc.
- [F2]As previously reported, the Issuer and ASE Test, Inc. entered into a Convertible Note and Warrant Purchase Agreement, dated March 13, 2023 (the "2023 Convertible Note"), pursuant to which the Issuer issued convertible promissory notes to ASE Test, Inc. in the principal amount of $2,000,000 (the "Principal Amount") and six percent (6%) compounded interest of which was due on March 13, 2025. On March 10, 2025, the Issuer and ASE Test, Inc. entered into an amendment to the 2023 Convertible Note (the "Amended Convertible Note") to extend the maturity date to March 12, 2027 and change the conversion price from $7.50 per share to a conversion price equal to the lower of (a) $7.50 per share and (b) the higher of (x) the average closing price per share of the Issuer's common stock for the period of thirty (30) trading days prior to the day when the noteholder exercises the conversion right or (y) $4.50, subject to anti-dilutive adjustment as set forth in the Amended Convertible Note.
- [F3]As a result of the five-for-one reverse stock split effected by the Issuer on June 30, 2025, the conversion price is now the lower of (a) $37.50 per share and (b) the higher of (x) the average closing price per share of the Issuer's common stock for the period of thirty (30) trading days prior to the day when the noteholder exercises the conversion right or (y) $22.50, subject to anti-dilutive adjustment as set forth in the Amended Convertible Note.