MicroCloud Hologram Unveils Convertible Securities Deal

MicroCloud Hologram (HOLO) has released an update.

MicroCloud Hologram Inc. has announced a Convertible Note Purchase Agreement, allowing the purchase of notes convertible into company shares, under certain terms and conditions, including a cap on the aggregate principal amount. The agreement also outlines the provision of registration rights, under the Securities Act of 1933, for securities purchased. This strategic initiative is expected to enhance capital and expand the investor base, catering to accredited and institutional investors.

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