MicroAlgo Inc. Announces Convertible Securities Offering

MicroAlgo (MLGO) has released an update.

MicroAlgo Inc., a company based in the People’s Republic of China, has announced its entry into convertible note purchase agreements, potentially raising up to $30 million through unsecured promissory notes due 2025, which can be converted into ordinary shares. The securities are detailed in a registration statement and a prospectus supplement filed with the U.S. Securities and Exchange Commission. Investors should note this move as it reflects MicroAlgo’s expansion strategy and could influence the company’s stock value.

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