MicroCloud Hologram Launches Convertible Notes

MicroCloud Hologram (HOLO) has released an update.

MicroCloud Hologram Inc., a tech firm incorporated in the Cayman Islands, has announced the issuance of $28 million in convertible notes due 2025, along with the prospect of ordinary shares, following legal counsel’s confirmation of the company’s compliance with relevant laws and corporate good standing. The company’s registration statement and prospectus outline the terms, with legal opinions indicating that shares issued will be properly authorized, fully paid, and non-assessable under Cayman Islands law.

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