ASE Test boosts Ainos (AIMD) 6% convertible note holdings to 105,868 units

Rhea-AI Filing Summary

ASE Test, Inc., a 10% owner of Ainos, Inc., reported an open-market purchase of 6% Convertible Notes due 2027. The transaction covers 5,994 units of the note, each currently convertible into Ainos common stock at a $22.50 per share conversion price. Following this transaction, ASE Test, Inc. holds 105,868 units of the convertible note. The notes bear 6% compounded interest and have a maturity date extended to March 12, 2027 under an amended agreement.

Insights

Equity & Convertible Securities Analyst

ASE Test increased its 6% convertible note position in Ainos on favorable amended terms.

ASE Test, Inc. bought 5,994 additional units of Ainos’ 6% Convertible Note due 2027, an instrument that can be converted into common stock at a price tied to trading levels but floored at $22.50 per share after a reverse split.

The note’s maturity was extended to March 12, 2027, and interest accrues at 6% compounded, which adds a fixed-income element alongside potential equity upside via conversion. After this purchase, ASE Test holds 105,868 note units, consolidating its role as a significant financing counterparty.

The eventual impact depends on whether ASE Test elects to convert notes into equity or hold them to maturity under the amended pricing formula and anti-dilutive adjustments described in the agreement.

Insider Trade Summary

1 transaction reported

Net Buy 1 txn

Insider ASE Test, Inc.

Role 10% Owner

Bought 5,994 shs ($0.00)

Type	Security	Shares	Price	Value
Purchase	6% Convertible Note due 2027 (previously due 2025)	5,994	$0.00	--

Holdings After Transaction: 6% Convertible Note due 2027 (previously due 2025) — 105,868 shares (Direct)

Footnotes (1)

1. 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. 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. 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.

Key Figures

Convertible notes purchased: 5,994 units Convertible notes held after trade: 105,868 units Conversion price floor: $22.50 per share +3 more

6 metrics

Convertible notes purchased 5,994 units 6% Convertible Note due 2027 bought on April 12, 2026

Convertible notes held after trade 105,868 units Total 6% Convertible Notes due 2027 held by ASE Test, Inc.

Conversion price floor $22.50 per share Lower bound in amended conversion formula after reverse stock split

Interest rate 6% compounded Rate on Ainos Convertible Notes issued under 2023 agreement

Principal amount of 2023 notes $2,000,000 Original principal issued to ASE Test, Inc. under 2023 Convertible Note

Note maturity date March 12, 2027 Extended maturity for Amended Convertible Note

Key Terms

Convertible Note and Warrant Purchase Agreement, Amended Convertible Note, reverse stock split, anti-dilutive adjustment, +1 more

5 terms

Convertible Note and Warrant Purchase Agreement financial

"entered into a Convertible Note and Warrant Purchase Agreement, dated March 13, 2023"

Amended Convertible Note financial

"entered into an amendment to the 2023 Convertible Note (the "Amended Convertible Note")"

reverse stock split financial

"As a result of the five-for-one reverse stock split effected by the Issuer"

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

anti-dilutive adjustment financial

"subject to anti-dilutive adjustment as set forth in the Amended Convertible Note"

conversion price financial

"change the conversion price from $7.50 per share to a conversion price equal to the lower of"

The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ASE Test, Inc.

(Last) (First) (Middle)

10 WEST FIFTH STREET, NANZIH DISTRICT

(Street)

KAOHSIUNG F5 00000

(City) (State) (Zip)

TAIWAN

(Country)

2. Issuer Name and Ticker or Trading Symbol
Ainos, Inc. [ AIMD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
6% Convertible Note due 2027 (previously due 2025)	$22.5	04/12/2026		P		5,994		(2)	(2)	Common Stock, par value $0.01	5,994	(2)(3)	105,868	D(1)

Explanation of Responses:

1. 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.

2. 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.

3. 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.

	/s/ Alan Li, By: ASE Test, Inc., By: Alan Li, authorized signatory of ASE Test, Inc.	04/15/2026
	/s/ Joseph Tung, authorized signatory of ASE Technology Holding Co., Ltd.	04/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did ASE Test, Inc. buy in Ainos (AIMD) according to this Form 4?

ASE Test, Inc. purchased additional 6% Convertible Notes due 2027 from Ainos, Inc.. The transaction involved 5,994 note units, each currently tied to Ainos common stock through a defined conversion price mechanism set out in the amended note agreement.

How many Ainos (AIMD) convertible notes does ASE Test, Inc. hold after this transaction?

After the reported purchase, ASE Test, Inc. holds 105,868 units of Ainos’ 6% Convertible Note due 2027. This reflects the updated position following the acquisition of 5,994 additional units disclosed in the Form 4 filing for the reporting person.

What is the current conversion price on the Ainos (AIMD) 6% Convertible Note?

The amended note sets the conversion price based on market trading levels, with a floor of $22.50 per share after a reverse stock split. The price is the lower of defined thresholds and includes anti-dilutive adjustments described in the amended convertible note documentation.

When do Ainos (AIMD) 6% Convertible Notes held by ASE Test, Inc. mature?

Under the amended terms, the 6% Convertible Notes held by ASE Test, Inc. now mature on March 12, 2027. This extends the original 2025 maturity date and keeps interest accruing at 6% compounded until repayment or conversion into Ainos common stock.

What interest rate do the Ainos (AIMD) convertible notes pay to ASE Test, Inc.?

The convertible notes pay 6% compounded interest on the principal amount issued to ASE Test, Inc. This rate was established under a $2,000,000 principal Convertible Note and Warrant Purchase Agreement dated March 13, 2023, and remains in effect under the amended terms.