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6-K: Convertible Note Transaction with Certain Investors

6-K: Convertible Note Transaction with Certain Investors

6-K:与特定投资者的可转换票据交易
美股SEC公告 ·  06/06 07:01

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MicroAlgo Inc., a technology firm listed as MLGO on the US stock exchange, has entered into Convertible Note Purchase Agreements with certain investors on June 5, 2024. The following day, the company issued Unsecured Convertible Promissory Notes totaling $30 million with a term of 360 days and an original issue discount of $2.4 million. These notes will convert into ordinary shares of the company based on a specified formula, subject to certain ownership limitations and adjustments. The conversion rate is pegged to 70% of the lowest market closing price of MicroAlgo's ordinary shares in the 60 trading days preceding the conversion request. In the event of default, the interest rate will increase to 10% per annum. MicroAlgo intends to use the net proceeds for working capital and general corporate purposes. The transaction documents, including the Purchase Agreements and the Notes, are attached as exhibits to the report filed with the SEC and are incorporated by reference into the company's registration statement on Form F-3.
MicroAlgo Inc., a technology firm listed as MLGO on the US stock exchange, has entered into Convertible Note Purchase Agreements with certain investors on June 5, 2024. The following day, the company issued Unsecured Convertible Promissory Notes totaling $30 million with a term of 360 days and an original issue discount of $2.4 million. These notes will convert into ordinary shares of the company based on a specified formula, subject to certain ownership limitations and adjustments. The conversion rate is pegged to 70% of the lowest market closing price of MicroAlgo's ordinary shares in the 60 trading days preceding the conversion request. In the event of default, the interest rate will increase to 10% per annum. MicroAlgo intends to use the net proceeds for working capital and general corporate purposes. The transaction documents, including the Purchase Agreements and the Notes, are attached as exhibits to the report filed with the SEC and are incorporated by reference into the company's registration statement on Form F-3.
科技公司MicroAlgo Inc.在美国股票交易所上市,股票代码为MLGO。该公司与特定投资者于2024年6月5日签订了可转换票据购买协议。次日,该公司发行了总额为3000万美元的无担保可转换应付票据,期限为360天,发行折扣率为240万美元。这些票据将根据一定的公式转换为该公司的普通股,受到某些所有权限制和调整的影响。转换率以MicroAlgo普通股在转换请求前的60个交易日中最低市场收盘价的70%为基准。在违约情况下,利率将增加至年利率10%。MicroAlgo打算将净收益用于营运资本和企业的一般目的。交易文件,包括购买协议和票据,已作为附件附加在提交给证监会的报告中,并被引用并纳入该公司在F-3表格上的注册声明中。
科技公司MicroAlgo Inc.在美国股票交易所上市,股票代码为MLGO。该公司与特定投资者于2024年6月5日签订了可转换票据购买协议。次日,该公司发行了总额为3000万美元的无担保可转换应付票据,期限为360天,发行折扣率为240万美元。这些票据将根据一定的公式转换为该公司的普通股,受到某些所有权限制和调整的影响。转换率以MicroAlgo普通股在转换请求前的60个交易日中最低市场收盘价的70%为基准。在违约情况下,利率将增加至年利率10%。MicroAlgo打算将净收益用于营运资本和企业的一般目的。交易文件,包括购买协议和票据,已作为附件附加在提交给证监会的报告中,并被引用并纳入该公司在F-3表格上的注册声明中。
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