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Common Stock | 12 Months Ended
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Aug. 31, 2016
Common Stock. |
Common Stock |
| 7. |  | COMMON STOCK
Reverse Stock Split — On April 15, 2016, the Company amended its certificate of incorporation to effect a one-for-ten (1:10) reverse stock split. This reverse stock split became effective as of the close of business on April 15, 2016. The reverse stock split had no effect on the par value of its common stock and did not reduce the number of authorized shares of common stock but reduced the number of issued and outstanding shares of common stock by the ratio. Accordingly, the issued and outstanding shares, stock options disclosures, net loss per share, and other per share disclosures for all periods presented have been retrospectively adjusted to reflect the impact of this reverse stock split. On August 23, 2016, SemiLEDs issued 577 thousand shares of common stock at a price of $5.00 per share, resulting in net cash proceeds of $2,885 thousand, in a private placement pursuant to an exemption from the registration requirements of the Securities Act of 1933.

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