An update from MicroAlgo ( (MLGO) ) is now available.
On May 6, 2025, MicroAlgo Inc. entered into Convertible Note Purchase Agreements with investors, issuing $36 million in unsecured convertible promissory notes by May 8, 2025. These notes, which have a 360-day term and a $2.88 million issue discount, can be converted into Class A ordinary shares under specific conditions. The proceeds will be used for working capital and general corporate purposes, potentially impacting the company’s financial flexibility and market positioning.
More about MicroAlgo
MicroAlgo Inc. operates in the technology sector, focusing on developing advanced algorithms and software solutions. The company is based in Shenzhen, China, and is involved in providing innovative tech solutions to enhance operational efficiencies.
Average Trading Volume: 26,843,648
Technical Sentiment Signal: Strong Sell
Current Market Cap: $70.3M
For detailed information about MLGO stock, go to TipRanks’ Stock Analysis page.