WiMi Hologram Cloud Secures $10 Million in Initial Convertible Note Issuance

WiMi Hologram Cloud ( (WIMI) ) just unveiled an update.

On May 20, 2025, WiMi Hologram Cloud Inc. entered into Convertible Note Purchase Agreements with certain investors, planning to issue convertible notes worth up to $40 million. On May 23, 2025, the company completed an initial closing by issuing $10 million in notes. These notes, sold at a discount, are convertible into Class B ordinary shares and have a term of 360 days. The proceeds from this transaction will be used for working capital and general corporate purposes, potentially strengthening the company’s financial position and operational capabilities.

Spark’s Take on WIMI Stock

According to Spark, TipRanks’ AI Analyst, WIMI is a Neutral.

WiMi Hologram Cloud’s stock score is primarily influenced by its mixed financial performance. The company’s strong cash position and recent improvements in net income are countered by declining revenue and operational margins. The technical analysis further contributes to a cautious outlook, with bearish indicators signaling potential risks. The stock is fairly valued, but the absence of a dividend yield and lack of positive technical momentum hold back the overall score.

To see Spark’s full report on WIMI stock, click here.

More about WiMi Hologram Cloud

WiMi Hologram Cloud Inc. operates in the technology industry, focusing on providing augmented reality (AR) and holographic solutions. The company is known for its innovative products and services that cater to various market segments, including entertainment, advertising, and education.

Average Trading Volume: 764,709

Technical Sentiment Signal: Strong Sell

Current Market Cap: $34.67M

For detailed information about WIMI stock, go to TipRanks’ Stock Analysis page.