MicroAlgo (MLGO) has released an update.
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MicroAlgo Inc. has announced key changes approved at its 2024 Annual General Meeting, including a significant share consolidation and the introduction of a dual-class share structure to meet NASDAQ’s listing requirements. The share consolidation will reduce the number of outstanding shares, while the dual-class structure aims to enhance voting power for certain shareholders. These strategic moves are part of MicroAlgo’s efforts to optimize its share capital and strengthen its market position.
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