Summary by Futu AI
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