MicroAlgo Inc., a foreign private issuer, reported to the U.S. Securities and Exchange Commission (SEC) that it has entered into Convertible Note Purchase Agreements with certain investors on February 27, 2024. The following day, MicroAlgo issued Unsecured Convertible Promissory Notes totaling $11,000,000 with a term of 360 days and an original issue discount of $770,000. These notes allow investors to convert their outstanding balance into ordinary shares of the company at a discounted market price. Additionally, MicroAlgo has entered into a Forward Purchase Agreement with its parent company, WiMi Hologram Cloud Inc., ensuring that WiMi maintains a majority shareholding in the event of investor conversions. The net proceeds from the note offering are intended for working capital and general corporate purposes. The agreements and notes are summarized and referenced in full in the attached exhibits to the SEC filing, which is incorporated by reference into the company's registration statement on Form F-3.

MicroAlgo Inc., a foreign private issuer, reported to the U.S. Securities and Exchange Commission (SEC) that it has entered into Convertible Note Purchase Agreements with certain investors on February 27, 2024. The following day, MicroAlgo issued Unsecured Convertible Promissory Notes totaling $11,000,000 with a term of 360 days and an original issue discount of $770,000. These notes allow investors to convert their outstanding balance into ordinary shares of the company at a discounted market price. Additionally, MicroAlgo has entered into a Forward Purchase Agreement with its parent company, WiMi Hologram Cloud Inc., ensuring that WiMi maintains a majority shareholding in the event of investor conversions. The net proceeds from the note offering are intended for working capital and general corporate purposes. The agreements and notes are summarized and referenced in full in the attached exhibits to the SEC filing, which is incorporated by reference into the company's registration statement on Form F-3.