MicroCloud Hologram Inc. has entered into Convertible Note Purchase Agreements with investors, issuing Unsecured Convertible Promissory Notes totaling $28 million on October 30, 2024. The notes, with a 360-day term, carry an aggregate original issue discount of $2.24 million. The company will bear all transaction costs.Investors have the right to convert the notes into class A ordinary shares at a conversion price calculated as 70% of the lowest 60-day market closing price, subject to a 9.99% ownership limitation. Upon default, an interest rate of 10% per annum will apply. The company retains the right to prepay the notes.The proceeds will be used for working capital and general corporate purposes. MicroCloud Hologram will file a Form 424B prospectus supplement to its Form F-3 registration statement for the registration of $28 million in Conversion Shares.

MicroCloud Hologram Inc. has entered into Convertible Note Purchase Agreements with investors, issuing Unsecured Convertible Promissory Notes totaling $28 million on October 30, 2024. The notes, with a 360-day term, carry an aggregate original issue discount of $2.24 million. The company will bear all transaction costs.Investors have the right to convert the notes into class A ordinary shares at a conversion price calculated as 70% of the lowest 60-day market closing price, subject to a 9.99% ownership limitation. Upon default, an interest rate of 10% per annum will apply. The company retains the right to prepay the notes.The proceeds will be used for working capital and general corporate purposes. MicroCloud Hologram will file a Form 424B prospectus supplement to its Form F-3 registration statement for the registration of $28 million in Conversion Shares.