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MicroAlgo | 424B5: Prospectus

SEC ·  Feb 28 06:08

Summary by Moomoo AI

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, the company has registered up to 2,300,000 ordinary shares underlying previously-issued warrants. The securities may be offered in one or more offerings, and the terms will be determined at the time of sale. MicroAlgo Inc. is a technology company dedicated to the development and application of bespoke central processing algorithms and operates primarily through its subsidiaries in China. The company's ordinary shares and public warrants are currently listed on the NASDAQ Capital Market...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, the company has registered up to 2,300,000 ordinary shares underlying previously-issued warrants. The securities may be offered in one or more offerings, and the terms will be determined at the time of sale. MicroAlgo Inc. is a technology company dedicated to the development and application of bespoke central processing algorithms and operates primarily through its subsidiaries in China. 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 announcement also addresses tax considerations for Cayman Islands, PRC, and U.S. federal income tax, as well as the enforceability of civil liabilities in the Cayman Islands and the PRC. The company has not sought a ruling from the IRS regarding the tax consequences described, and there is no assurance that the IRS or a court will not take a contrary position. The registration statement includes a prospectus that provides detailed information about the offering, the company, and the associated risks, including the potential classification of MicroAlgo Inc. as a Passive Foreign Investment Company (PFIC) for U.S. federal income tax purposes.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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