MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share.
MicroAlgo, Inc. - Ordinary Shares (MLGO)
Company Research
Source: GlobeNewswire
SHENZHEN, March 24, 2025 (GLOBE NEWSWIRE) -- MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share. Shenzhen, China, March. 24, 2025 – 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, with a total amount of US$20 million. These bonds have a maturity period of 360 days. According to the convertible bond purchase agreement, the bonds are convertible into common shares at a conversion price equal to 70% of the lowest closing market price during the 60 trading days preceding the conversion request.MicroAlgo Inc. has received notice from the creditors under this US$20 million convertible bond purchase agreement, requesting the company to issue new shares at $ 0.8 per share to repay the debt in accordance with the agreement terms. The company plans to fulfill the relevan
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- MicroAlgo (NASDAQ:MLGO) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=MLGO&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</aMarketBeat
- MicroAlgo (NASDAQ:MLGO) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=MLGO&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> MarketBeat
- MicroAlgo (NASDAQ:MLGO) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=MLGO&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</aMarketBeat
- MicroAlgo (NASDAQ:MLGO) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- MicroAlgo (MLGO): Assessing Valuation After S&P Global BMI Index Inclusion Boosts Profile [Yahoo! Finance]Yahoo! Finance
MLGO
Sec Filings
- 10/24/25 - Form 6-K
- 10/10/25 - Form 6-K
- MLGO's page on the SEC website