MicroCloud Hologram (HOLO) has released an update.
MicroCloud Hargram Inc., a tech company incorporated in the Cayman Islands, has announced the sale of up to $28 million in Convertible Notes due 2025, which are set to be exchanged for ordinary shares in the company. This move, detailed in a prospectus supplement and facilitated by a registration statement filed with the SEC, aims to bolster the company’s financial position. Legal counsel has confirmed the validity and good standing of the company in the Cayman Islands, ensuring that the shares will be legally issued and fully paid.
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