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MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share.
- MicroAlgo Inc. announced plans to issue additional new shares at a price of $0.8 per share to repay a $20 million convertible bond.
- The bonds have a maturity period of 360 days and can be converted into common shares at a price equal to 70% of the lowest closing market price for 60 trading days.
- MicroAlgo Inc. received notice from creditors requesting new shares to be issued for debt repayment, according to the convertible bond purchase agreement.
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The Berkshire Eagle+32 Reposted by 32 other sources
MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share.
SHENZHEN, China, March 21, 2025 /PRNewswire/ -- MicroAlgo Inc. (NASDAQ: MLGO), (the "Company"or "MicroAlgo"), today announced the plan to issue more new shares, considering that MicroAlgo Inc. entered into a convertible bond purchase agreement with creditors on October 7, 2024,…
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Coverage Details
Total News Sources34
Leaning Left0Leaning Right4Center12Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
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