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MicroAlgo ( (MLGO) ) has issued an update.
MicroAlgo Inc. held an Extraordinary General Meeting of Shareholders on July 2, 2025, at its headquarters in Shenzhen, China. During the meeting, all four proposed resolutions were passed. These included a 30-for-1 share consolidation, an increase in authorized share capital, a capital reduction and reorganization, and amendments to the company’s memorandum of association. The share consolidation and capital increase aim to enhance the company’s financial structure, while the capital reduction and reorganization, along with the M&A amendments, are pending approval from the Grand Court of the Cayman Islands.
More about MicroAlgo
Average Trading Volume: 32,807,274
Technical Sentiment Signal: Strong Sell
Current Market Cap: $42.12M
Learn more about MLGO stock on TipRanks’ Stock Analysis page.