MicroAlgo (MLGO) has released an update.
MicroAlgo Inc. has entered into a Convertible Note Purchase Agreement with its parent company, WiMi Hologram Cloud Inc., to issue and sell convertible notes worth up to $23 million. The initial note is valued at $5 million, with options for additional notes, reflecting strategic financial structuring to support growth. This move signifies potential opportunities for investors as MicroAlgo leverages new funding to drive its business ambitions.
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