Microalgo inc. plans to issue additional new shares at an offering price of $0.8 per share.

Shenzhen, china , march 21, 2025 /prnewswire/ -- microalgo inc. (nasdaq: mlgo), (the "company"or "microalgo"), today announced the plan to issue more new shares, considering that microalgo inc. entered into a convertible bond purchase agreement with creditors on october 7, 2024, with a total amount of us$20 million. these bonds have a maturity period of 360 days.
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