MicroCloud Hologram ( (HOLO) ) has issued an announcement.
On April 18, 2025, MicroCloud Hologram Inc. entered into Convertible Note Purchase Agreements with investors, planning to issue convertible notes totaling $40 million. By April 23, 2025, the company had issued $12 million in notes, which are part of a registered direct offering. The notes have a 360-day term and an 8% discount, with the option for investors to convert them into class A ordinary shares, subject to certain limitations. The proceeds are intended for working capital and general corporate purposes, potentially impacting the company’s financial flexibility and market positioning.
More about MicroCloud Hologram
MicroCloud Hologram Inc. operates in the technology industry, focusing on holographic solutions and related services. The company is based in Shenzhen, China, and is involved in the development and sale of innovative holographic products.
YTD Price Performance: -93.58%
Average Trading Volume: 908,010
Technical Sentiment Signal: Strong Buy
Current Market Cap: $59.9M
Learn more about HOLO stock on TipRanks’ Stock Analysis page.