MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share.
MicroAlgo Inc. (NASDAQ: MLGO) has announced plans to issue new shares at $0.8 per share in response to creditor requests. This decision follows a $20 million convertible bond agreement from October 7, 2024, with a 360-day maturity period.
The convertible bonds can be converted into common shares at 70% of the lowest closing market price during the 60 trading days before conversion. This share issuance is being implemented to repay debt obligations under the agreement terms, as disclosed in the Form 6-K filing with the SEC on October 9, 2024.
MicroAlgo Inc. (NASDAQ: MLGO) ha annunciato piani per emettere nuove azioni a $0,8 per azione in risposta alle richieste dei creditori. Questa decisione segue un accordo per obbligazioni convertibili da 20 milioni di dollari del 7 ottobre 2024, con un periodo di scadenza di 360 giorni.
Le obbligazioni convertibili possono essere convertite in azioni ordinarie a 70% del prezzo di chiusura di mercato più basso nei 60 giorni di negoziazione precedenti alla conversione. Questa emissione di azioni è attuata per rimborsare le obbligazioni di debito secondo i termini dell'accordo, come rivelato nel modulo 6-K depositato presso la SEC il 9 ottobre 2024.
MicroAlgo Inc. (NASDAQ: MLGO) ha anunciado planes para emitir nuevas acciones a $0.8 por acción en respuesta a solicitudes de los acreedores. Esta decisión sigue a un acuerdo de bonos convertibles de 20 millones de dólares del 7 de octubre de 2024, con un período de vencimiento de 360 días.
Los bonos convertibles se pueden convertir en acciones comunes a 70% del precio de cierre de mercado más bajo durante los 60 días de negociación anteriores a la conversión. Esta emisión de acciones se está implementando para pagar las obligaciones de deuda bajo los términos del acuerdo, como se reveló en el formulario 6-K presentado ante la SEC el 9 de octubre de 2024.
MicroAlgo Inc. (NASDAQ: MLGO)는 채권자 요청에 따라 주당 $0.8에 새로운 주식을 발행할 계획을 발표했습니다. 이 결정은 2024년 10월 7일에 체결된 2천만 달러 규모의 전환사채 계약에 따른 것으로, 만기 기간은 360일입니다.
전환사채는 전환 전에 60 거래일 동안의 최저 종가의 70%로 보통주로 전환할 수 있습니다. 이 주식 발행은 계약 조건에 따른 채무 의무를 상환하기 위해 시행되고 있으며, 2024년 10월 9일 SEC에 제출된 6-K 양식에서 공개되었습니다.
MicroAlgo Inc. (NASDAQ: MLGO) a annoncé des projets d'émission de nouvelles actions à 0,8 $ par action en réponse aux demandes des créanciers. Cette décision fait suite à un accord d'obligations convertibles de 20 millions de dollars du 7 octobre 2024, avec une période d'échéance de 360 jours.
Les obligations convertibles peuvent être converties en actions ordinaires à 70 % du prix de clôture le plus bas durant les 60 jours de bourse précédant la conversion. Cette émission d'actions est mise en œuvre pour rembourser les obligations de dette selon les termes de l'accord, comme indiqué dans le dépôt du formulaire 6-K auprès de la SEC le 9 octobre 2024.
MicroAlgo Inc. (NASDAQ: MLGO) hat Pläne angekündigt, neue Aktien zu einem Preis von 0,8 $ pro Aktie als Reaktion auf die Anfragen von Gläubigern auszugeben. Diese Entscheidung folgt einem Vereinbarung über wandelbare Anleihen in Höhe von 20 Millionen Dollar vom 7. Oktober 2024, mit einer Laufzeit von 360 Tagen.
Die wandelbaren Anleihen können zu 70% des niedrigsten Schlusskurses während der 60 Handelstage vor der Umwandlung in Stammaktien umgewandelt werden. Diese Aktienausgabe wird durchgeführt, um die Schuldenverpflichtungen gemäß den Bedingungen des Vertrags zurückzuzahlen, wie im am 9. Oktober 2024 bei der SEC eingereichten Formular 6-K offengelegt wurde.
- Debt restructuring through share issuance instead of cash payment
- Significant shareholder dilution due to new share issuance
- Convertible bonds priced at 30% discount to market price
- Large $20 million debt obligation coming due
MicroAlgo Inc. has received notice from the creditors under this
This serves as a risk disclosure in accordance with the Form 6-K filing submitted to the
About MicroAlgo Inc.
MicroAlgo Inc. (the "MicroAlgo"), a Cayman Islands exempted company, is dedicated to the development and application of bespoke central processing algorithms. MicroAlgo provides comprehensive solutions to customers by integrating central processing algorithms with software or hardware, or both, thereby helping them to increase the number of customers, improve end-user satisfaction, achieve direct cost savings, reduce power consumption, and achieve technical goals. The range of MicroAlgo's services includes algorithm optimization, accelerating computing power without the need for hardware upgrades, lightweight data processing, and data intelligence services. MicroAlgo's ability to efficiently deliver software and hardware optimization to customers through bespoke central processing algorithms serves as a driving force for MicroAlgo's long-term development.
Forward-Looking Statements
This press release contains statements that may constitute "forward-looking statements." Forward-looking statements are subject to numerous conditions, many of which are beyond the control of MicroAlgo, including those set forth in the Risk Factors section of MicroAlgo's periodic reports on Forms 10-K and 8-K filed with the SEC. Copies are available on the SEC's website, www.sec.gov. Words such as "expect,""estimate,""project,""budget,""forecast,""anticipate,""intend,""plan,""may,""will,""could,""should,""believes,""predicts,""potential,""continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, MicroAlgo's expectations with respect to future performance and anticipated financial impacts of the business transaction.
MicroAlgo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as may be required by law.
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SOURCE Microalgo.INC
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