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6-K: Convertible Note Transaction with WiMi Hologram Cloud

6-K: Convertible Note Transaction with WiMi Hologram Cloud

6-K:与WiMi Hologram Cloud进行可转换票据交易
美股SEC公告 ·  10/15 06:13

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MicroAlgo Inc., a technology company listed in the United States, has entered into a Convertible Note Purchase Agreement with WiMi Hologram Cloud Inc., a company based in the Cayman Islands. The agreement, dated October 11, 2024, involves the issuance and sale of unsecured convertible notes totaling up to $25 million, with an initial sale of $5 million in notes to WiMi on October 14, 2024. These notes have a term of 360 days and carry an original issue discount of 8%. WiMi has the option to convert the notes into ordinary shares of MicroAlgo at a price based on a formula related to the market closing price of the shares. The conversion is subject to certain adjustments and restrictions under the Securities Act of 1933. MicroAlgo intends to use...Show More
MicroAlgo Inc., a technology company listed in the United States, has entered into a Convertible Note Purchase Agreement with WiMi Hologram Cloud Inc., a company based in the Cayman Islands. The agreement, dated October 11, 2024, involves the issuance and sale of unsecured convertible notes totaling up to $25 million, with an initial sale of $5 million in notes to WiMi on October 14, 2024. These notes have a term of 360 days and carry an original issue discount of 8%. WiMi has the option to convert the notes into ordinary shares of MicroAlgo at a price based on a formula related to the market closing price of the shares. The conversion is subject to certain adjustments and restrictions under the Securities Act of 1933. MicroAlgo intends to use the net proceeds for working capital and general corporate purposes. The agreement stipulates that any additional notes purchased by WiMi will be on the same terms as the initial note and will rank pari passu with it. The transaction is exempt from registration under the Securities Act of 1933, as amended. The agreement was signed by Min Shu, CEO of MicroAlgo, and Shuo Shi, CEO of WiMi Hologram Cloud Inc.
MicroAlgo公司是一家在美国上市的科技公司,已与总部位于开曼群岛的微美全息云公司签订了可转换票据购买协议。该协议日期为2024年10月11日,涉及发行和销售总额高达2500万美元的无担保可转换票据,于2024年10月14日向微美发行了500万美元的票据。这些票据期限为360天,原始发行折扣为8%。微美有权将票据按照与股市收盘价相关的公式转换为MicroAlgo的普通股。转换受1933年证券法规定的特定调整和限制约束。MicroAlgo打算将净收益用于营运资金和一般企业用途。协议规定,微美购买的任何额外票据将与初始票据具有相同条件,并将与其平级。根据1933年修正的证券法,该交易不受登记要求的影响。该协议由MicroAlgo的CEO Min Shu和微美全息云公司的CEO Shuo Shi签署。
MicroAlgo公司是一家在美国上市的科技公司,已与总部位于开曼群岛的微美全息云公司签订了可转换票据购买协议。该协议日期为2024年10月11日,涉及发行和销售总额高达2500万美元的无担保可转换票据,于2024年10月14日向微美发行了500万美元的票据。这些票据期限为360天,原始发行折扣为8%。微美有权将票据按照与股市收盘价相关的公式转换为MicroAlgo的普通股。转换受1933年证券法规定的特定调整和限制约束。MicroAlgo打算将净收益用于营运资金和一般企业用途。协议规定,微美购买的任何额外票据将与初始票据具有相同条件,并将与其平级。根据1933年修正的证券法,该交易不受登记要求的影响。该协议由MicroAlgo的CEO Min Shu和微美全息云公司的CEO Shuo Shi签署。
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