MicroAlgo Inc., a Cayman Islands exempted company, has announced the filing of a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed offering of up to $100,000,000 of various securities, including ordinary shares, preferred shares, debt securities, warrants, rights, and units. Additionally, up to 2,300,000 ordinary shares underlying previously-issued warrants are included in the offering. The company's ordinary shares and public warrants are currently listed on the NASDAQ Capital Market and OTC market under the symbols 'MLGO' and 'VENAF' respectively. The proceeds from the sale of securities are intended for working capital and general corporate purposes, which may include acquisitions or investments in complementary businesses, assets, or technologies. The offering will be made through agents...Show More

MicroAlgo Inc., a Cayman Islands exempted company, has announced the filing of a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed offering of up to $100,000,000 of various securities, including ordinary shares, preferred shares, debt securities, warrants, rights, and units. Additionally, up to 2,300,000 ordinary shares underlying previously-issued warrants are included in the offering. The company's ordinary shares and public warrants are currently listed on the NASDAQ Capital Market and OTC market under the symbols 'MLGO' and 'VENAF' respectively. The proceeds from the sale of securities are intended for working capital and general corporate purposes, which may include acquisitions or investments in complementary businesses, assets, or technologies. The offering will be made through agents, to dealers or underwriters for resale, directly to purchasers, or through a combination of these methods. The specific terms of the offering will be detailed in a prospectus supplement. MicroAlgo Inc. has not been classified as a PRC resident enterprise for tax purposes and does not expect to be treated as such. However, the company cautions that there is uncertainty regarding the interpretation of 'de facto management body' by PRC tax authorities, which could potentially change the company's tax obligations. The company also notes that it may be considered a Passive Foreign Investment Company (PFIC) for U.S. federal income tax purposes, which could have implications for U.S. investors.