Summary by Moomoo AI
SBI Securities Co., Ltd., a Japanese financial institution, has filed a Schedule 13G with the SEC, disclosing a significant stake in MicroAlgo Inc. As of September 30, 2024, SBI Securities holds 1,242,735 ordinary shares of MicroAlgo, representing 16.3% of the company's class of securities. The shares were acquired in the ordinary course of business under a Securities Lending Agreement, with some shares being lent to a Broker Dealer. The filing indicates that the shares are not intended to change or influence the control of MicroAlgo. The address of MicroAlgo's principal executive offices is listed as 340 Madison Avenue, 19th Floor, New York, New York, 10173.
