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 to fulfill a debt obligation. This decision follows a $20 million convertible bond purchase agreement signed with creditors on October 7, 2024, with a 360-day maturity period.
The creditors have now requested share issuance based on the agreement's terms, which allow for conversion into common shares at 70% of the lowest closing market price during the 60 trading days before conversion. This share issuance is specifically intended for debt repayment under the convertible bond agreement terms.
MicroAlgo Inc (NASDAQ: MLGO) ha annunciato piani per emettere nuove azioni a $0,8 per azione per soddisfare un'obbligazione di debito. Questa decisione segue un contratto di acquisto di obbligazioni convertibili da 20 milioni di dollari firmato con i creditori il 7 ottobre 2024, con un periodo di scadenza di 360 giorni.
I creditori hanno ora richiesto l'emissione di azioni in base ai termini dell'accordo, che consentono la conversione in azioni ordinarie al 70% del prezzo di chiusura di mercato più basso durante i 60 giorni di negoziazione precedenti la conversione. Questa emissione di azioni è specificamente destinata al rimborso del debito ai sensi dei termini dell'accordo sulle obbligazioni convertibili.
MicroAlgo Inc (NASDAQ: MLGO) ha anunciado planes para emitir nuevas acciones a $0.8 por acción para cumplir con una obligación de deuda. Esta decisión sigue a un acuerdo de compra de bonos convertibles de 20 millones de dólares firmado con los acreedores el 7 de octubre de 2024, con un período de madurez de 360 días.
Los acreedores ahora han solicitado la emisión de acciones según los términos del acuerdo, que permiten la conversión en acciones comunes al 70% del precio de cierre de mercado más bajo durante los 60 días de negociación anteriores a la conversión. Esta emisión de acciones está destinada específicamente al reembolso de la deuda bajo los términos del acuerdo de bonos convertibles.
MicroAlgo Inc (NASDAQ: MLGO)는 주당 $0.8에 새로운 주식을 발행할 계획을 발표했습니다. 이는 채무 의무를 이행하기 위한 것입니다. 이 결정은 2024년 10월 7일 채권자와 체결한 2천만 달러 규모의 전환사채 매입 계약에 따른 것으로, 만기 기간은 360일입니다.
채권자들은 이제 계약의 조건에 따라 주식 발행을 요청했으며, 이는 전환 전에 60 거래일 동안의 가장 낮은 종가의 70%로 보통주로 전환할 수 있습니다. 이 주식 발행은 전환사채 계약 조건에 따라 채무 상환을 위해 특별히 의도되었습니다.
MicroAlgo Inc (NASDAQ: MLGO) a annoncé son intention d'émettre de nouvelles actions à 0,8 $ par action pour honorer une obligation de dette. Cette décision fait suite à un accord d'achat d'obligations convertibles de 20 millions de dollars signé avec des créanciers le 7 octobre 2024, avec une période de maturité de 360 jours.
Les créanciers ont maintenant demandé l'émission d'actions selon les termes de l'accord, qui permettent une conversion en actions ordinaires à 70 % du prix de clôture le plus bas du marché pendant les 60 jours de bourse précédant la conversion. Cette émission d'actions est spécifiquement destinée au remboursement de la dette selon les termes de l'accord d'obligations convertibles.
MicroAlgo Inc (NASDAQ: MLGO) hat Pläne angekündigt, neue Aktien zu einem Preis von $0,8 pro Aktie auszugeben, um eine Schuldenverpflichtung zu erfüllen. Diese Entscheidung folgt einem 20-Millionen-Dollar-Wandelanleihe-Kaufvertrag, der am 7. Oktober 2024 mit den Gläubigern unterzeichnet wurde und eine Laufzeit von 360 Tagen hat.
Die Gläubiger haben nun die Ausgabe von Aktien gemäß den Bedingungen des Vertrags beantragt, die eine Umwandlung in Stammaktien zu 70% des niedrigsten Schlusskurses während der 60 Handelstage vor der Umwandlung ermöglichen. Diese Aktienausgabe ist speziell für die Rückzahlung von Schulden gemäß den Bedingungen des Wandelanleihevertrags vorgesehen.
- None.
- Significant shareholder dilution due to new share issuance at $0.8 per share
- Conversion price at 70% of lowest closing price indicates substantial discount to market value
- $20 million debt obligation being converted to equity
SHENZHEN, March 24, 2025 (GLOBE NEWSWIRE) -- MicroAlgo Inc. plans to issue additional new shares at an offering price of
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
MicroAlgo Inc. has received notice from the creditors under this US
This serves as a risk disclosure in accordance with the Form 6-K filing submitted to the U.S. Securities and Exchange Commission (SEC) on October 9, 2024.
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'sservices 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.
Contact
MicroAlgo Inc.
Investor Relations
Email: ir@microalgor.com
FAQ
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