Microalgo inc. announces enters securities purchase agreement for up to us$3.2 million

New york , jan. 13, 2023 /prnewswire/ -- microalgo inc. (the "company" or "microalgo") (nasdaq: mlgo) today announced that it has entered into a definitive agreement for the issuance and sale of 2,666,667 private placement units at $1.20 per unit, each unit consisting of one ordinary share of the company, par value $0.001 per share, ("ordinary share") and one warrant entitling the holder to purchase one whole ordinary share at an exercise price of $1.35 per whole share. the gross proceeds to the company from this private offering is approximately $3.2 million.
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