MicroAlgo (MLGO) has released an update.
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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.
For further insights into MLGO stock, check out TipRanks’ Stock Analysis page.
