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MicroAlgo ( (MLGO) ) has provided an update.
MicroAlgo Inc. has announced an Extraordinary General Meeting (EGM) scheduled for July 2, 2025, to discuss significant changes to its share structure. The company plans a 30-for-1 share consolidation, increasing the par value of its shares, followed by a substantial increase in authorized share capital. Additionally, a special resolution will address a capital reduction and reorganization, which includes reducing the par value of shares to US$0.0000001 and adjusting the share capital structure. These changes aim to streamline the company’s capital structure and potentially enhance shareholder value.
More about MicroAlgo
Average Trading Volume: 31,672,633
Technical Sentiment Signal: Strong Sell
Current Market Cap: $79.44M
For detailed information about MLGO stock, go to TipRanks’ Stock Analysis page.