MicroAlgo Inc., a Cayman Islands exempted company, has announced the filing of a prospectus supplement with the U.S. Securities and Exchange Commission (SEC) for the issuance of up to $4,000,000 in ordinary shares and up to 2,300,000 ordinary shares underlying previously-issued warrants. The company's ordinary shares are listed on the Nasdaq Capital Market under the symbol 'MLGO.' The prospectus supplement, filed pursuant to Rule 424(b)(5) under the Securities Act, relates to a securities purchase agreement with WiMi Hologram Cloud Inc., the parent company of MicroAlgo Inc. The agreement outlines the sale of up to $4,000,000 in ordinary shares and up to 2,300,000 ordinary shares underlying previously-issued warrants. The company's operations are primarily conducted in China through its PRC subsidiaries...Show More

MicroAlgo Inc., a Cayman Islands exempted company, has announced the filing of a prospectus supplement with the U.S. Securities and Exchange Commission (SEC) for the issuance of up to $4,000,000 in ordinary shares and up to 2,300,000 ordinary shares underlying previously-issued warrants. The company's ordinary shares are listed on the Nasdaq Capital Market under the symbol 'MLGO.' The prospectus supplement, filed pursuant to Rule 424(b)(5) under the Securities Act, relates to a securities purchase agreement with WiMi Hologram Cloud Inc., the parent company of MicroAlgo Inc. The agreement outlines the sale of up to $4,000,000 in ordinary shares and up to 2,300,000 ordinary shares underlying previously-issued warrants. The company's operations are primarily conducted in China through its PRC subsidiaries, and it is subject to the complex and evolving PRC laws and regulations. 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 has been advised that the PRC courts are unlikely to enforce judgments obtained from U.S. courts based on civil liability provisions of U.S. securities laws. The company's financial statements for the year ended December 31, 2022, have been audited by Onestop Assurance PAC, an independent registered public accounting firm. The prospectus supplement dated January 4, 2024, provides further details on the offering and the company's financial and legal standing.