MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share. - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share. ##### Up next ![PROCOMER presented Costa Rica's world-class exports at FOODEX 2025](https://i0.wp.com/r2.thailandbusinessnews.net/2025/03/Image__30.jpg?resize=200%2C110&ssl=1 "PROCOMER presented Costa Rica's world-class exports at FOODEX 2025") [](https://thailandbusinessnews.net/press-release/procomer-presented-costa-ricas-world-class-exports-at-foodex-2025/) ###### [PROCOMER presented Costa Rica's world-class exports at FOODEX 2025](https://thailandbusinessnews.net/press-release/procomer-presented-costa-ricas-world-class-exports-at-foodex-2025/) Published on 22 March 2025 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) SHENZHEN, China, March 22, 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. According to the convertible bond purchase agreement, the bonds are convertible into common shares at a conversion price equal to 70% of the lowest closing market price during the 60 trading days preceding the conversion request. MicroAlgo Inc. has received notice from the creditors under this US$20 million convertible bond purchase agreement, requesting the company to issue new shares at $ 0.8 per share to repay the debt in accordance with the agreement terms. The company plans to fulfill the relevant clauses of this US$20 million convertible bond purchase agreement and will issue new shares at $ 0.8 per share for debt repayment. This serves as a risk disclosure in accordance with the Form 6-K filing submitted to the U.S. Securities and Exchange Commission (SEC) on October 9, 2024. About MicroAlgo Inc. MicroAlgo Inc. (the "MicroAlgo"), a Cayman Islands exempted company, is dedicated to the development and application of bespoke central processing algorithms. MicroAlgo provides comprehensive solutions to customers by integrating central processing algorithms with software or hardware, or both, thereby helping them to increase the number of customers, improve end-user satisfaction, achieve direct cost savings, reduce power consumption, and achieve technical goals. The range of MicroAlgo’s services includes algorithm optimization, accelerating computing power without the need for hardware upgrades, lightweight data processing, and data intelligence services. MicroAlgo’s ability to efficiently deliver software and hardware optimization to customers through bespoke central processing algorithms serves as a driving force for MicroAlgo’s long-term development. Forward-Looking Statements This press release contains statements that may constitute "forward-looking statements." Forward-looking statements are subject to numerous conditions, many of which are beyond the control of MicroAlgo, including those set forth in the Risk Factors section of MicroAlgo’s periodic reports on Forms 10-K and 8-K filed with the SEC. Copies are available on the SEC’s website, [www.sec.gov](http://www.sec.gov/). Words such as "expect,""estimate,""project,""budget,""forecast,""anticipate,""intend,""plan,""may,""will,""could,""should,""believes,""predicts,""potential,""continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, MicroAlgo’s expectations with respect to future performance and anticipated financial impacts of the business transaction. MicroAlgo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as may be required by law. [Source link ](https://www.prnasia.com/story/archive/4647071_CN47071_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network ``` ##### You May Also Like [](https://thailandbusinessnews.net/press-release/global-times-xi-urges-healthy-high-quality-development-of-private-sector/) ## Global Times: Xi urges healthy, high-quality development of private sector BEIJING, Feb. 18, 2025 /PRNewswire/ — Xi Jinping, general secretary of the… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - February 18, 2025 [](https://thailandbusinessnews.net/press-release/agoda-travel-interest-in-indonesia-more-than-quadruples-during-this-years-independence-day-long-weekend/) ## Agoda: Travel Interest in Indonesia More Than Quadruples During This Year's Independence Day Long Weekend Bandung, Yogyakarta, and Bali remain top favorites; Pangandaran, Anyer, and Garut emerge… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - August 10, 2026 [](https://thailandbusinessnews.net/press-release/wimi-hologram-cloud-inc-researches-synergic-quantum-generative-network-architecture/) ## WiMi Hologram Cloud Inc. Researches Synergic Quantum Generative Network Architecture BEIJING, June 22, 2026 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI)… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - June 22, 2026 ##### Most Read - [![The Sanya EDITION Presents an Island Celebration Experience for Mid-Autumn Festival and China National Day Golden Week](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/the-sanya-edition-presents-an-island-celebration-experience-for-mid-autumn-festival-and-china-national-day-golden-week/ "The Sanya EDITION Presents an Island Celebration Experience for Mid-Autumn Festival and China National Day Golden Week") [The Sanya EDITION Presents an Island Celebration Experience for Mid-Autumn Festival and China National Day Golden Week](https://thailandbusinessnews.net/press-release/the-sanya-edition-presents-an-island-celebration-experience-for-mid-autumn-festival-and-china-national-day-golden-week/ "The Sanya EDITION Presents an Island Celebration Experience for Mid-Autumn Festival and China National Day Golden Week") - [![Dell InnovateFest 2026 Champions Inclusive and Independent Living for Persons with Disabilities Through AI and Cloud-Native Innovation](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/dell-innovatefest-2026-champions-inclusive-and-independent-living-for-persons-with-disabilities-through-ai-and-cloud-native-innovation/ "Dell InnovateFest 2026 Champions Inclusive and Independent Living for Persons with Disabilities Through AI and Cloud-Native Innovation") [Dell InnovateFest 2026 Champions Inclusive and Independent Living for Persons with Disabilities Through AI and Cloud-Native Innovation](https://thailandbusinessnews.net/press-release/dell-innovatefest-2026-champions-inclusive-and-independent-living-for-persons-with-disabilities-through-ai-and-cloud-native-innovation/ "Dell InnovateFest 2026 Champions Inclusive and Independent Living for Persons with Disabilities Through AI and Cloud-Native Innovation") - [![Hisense and Devialet Redefine Home Entertainment](https://i0.wp.com/r2.thailandbusinessnews.net/2025/05/Hisense_s_product_lines__Tuned_Devialet.jpg?fit=600%2C336&ssl=1&resize=40%2C40)](https://thailandbusinessnews.net/press-release/hisense-and-devialet-redefine-home-entertainment/ "Hisense and Devialet Redefine Home Entertainment") [Hisense and Devialet Redefine Home Entertainment](https://thailandbusinessnews.net/press-release/hisense-and-devialet-redefine-home-entertainment/ "Hisense and Devialet Redefine Home Entertainment") - [![Chery Auto to Showcase Nearly 20 Green Technology and Ecosystem Innovations. 2026 Chery International User Summit Opens in October](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/chery-auto-to-showcase-nearly-20-green-technology-and-ecosystem-innovations-2026-chery-international-user-summit-opens-in-october/ "Chery Auto to Showcase Nearly 20 Green Technology and Ecosystem Innovations. 2026 Chery International User Summit Opens in October") [Chery Auto to Showcase Nearly 20 Green Technology and Ecosystem Innovations. 2026 Chery International User Summit Opens in October](https://thailandbusinessnews.net/press-release/chery-auto-to-showcase-nearly-20-green-technology-and-ecosystem-innovations-2026-chery-international-user-summit-opens-in-october/ "Chery Auto to Showcase Nearly 20 Green Technology and Ecosystem Innovations. 2026 Chery International User Summit Opens in October") - [![RIMAN Brings ICD to Rustan's Makati, Expanding Its Premium K-Beauty Presence in the Philippines](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/riman-brings-icd-to-rustans-makati-expanding-its-premium-k-beauty-presence-in-the-philippines/ "RIMAN Brings ICD to Rustan's Makati, Expanding Its Premium K-Beauty Presence in the Philippines") [RIMAN Brings ICD to Rustan's Makati, Expanding Its Premium K-Beauty Presence in the Philippines](https://thailandbusinessnews.net/press-release/riman-brings-icd-to-rustans-makati-expanding-its-premium-k-beauty-presence-in-the-philippines/ "RIMAN Brings ICD to Rustan's Makati, Expanding Its Premium K-Beauty Presence in the Philippines") - [![oneworld Named World's Best Airline Alliance at the 2026 Skytrax Awards](https://secure.gravatar.com/avatar/96e712b5408b51145de772098c3ff3417ce8a11555b7c388d84204c5769f5631?s=40&d=blank&r=g)](https://thailandbusinessnews.net/press-release/oneworld-named-worlds-best-airline-alliance-at-the-2026-skytrax-awards/ "oneworld Named World's Best Airline Alliance at the 2026 Skytrax Awards") [oneworld Named World's Best Airline Alliance at the 2026 Skytrax Awards](https://thailandbusinessnews.net/press-release/oneworld-named-worlds-best-airline-alliance-at-the-2026-skytrax-awards/ "oneworld Named World's Best Airline Alliance at the 2026 Skytrax Awards") ##### Subscribe via Email Enter your email address to subscribe and receive notifications of new posts by email. Email Address Subscribe [](https://thailandbusinessnews.net/press-release/huawei-grid-interactive-aidc-solution-shaping-the-new-paradigm-of-ai-infrastructure/) ![Huawei Grid-Interactive AIDC Solution: Shaping the New Paradigm of AI Infrastructure](https://i0.wp.com/mmx.prnasia.com/media/MS1991986/20260919085932EDT_image_1.jpg?resize=260%2C140&ssl=1 "Huawei Grid-Interactive AIDC Solution: Shaping the New Paradigm of AI Infrastructure") ## Huawei Grid-Interactive AIDC Solution: Shaping the New Paradigm of AI Infrastructure SHANGHAI, Sept. 20, 2026 /PRNewswire/ — HUAWEI CONNECT 2026 kicked off in… [](https://thailandbusinessnews.net/press-release/duo-power-boost-clivet-debuts-next-gen-magnetic-levitation-technology-and-ai-cooling-portfolio-at-ai-infra-summit-2026/) ![DUO POWER BOOST: Clivet Debuts Next-Gen Magnetic Levitation Technology and AI Cooling Portfolio at AI Infra Summit 2026](https://i0.wp.com/mmx.prnasia.com/media/MS1992052/20260919223107EDT_image_2.jpg?resize=260%2C140&ssl=1 "DUO POWER BOOST: Clivet Debuts Next-Gen Magnetic Levitation Technology and AI Cooling Portfolio at AI Infra Summit 2026") ## DUO POWER BOOST: Clivet Debuts Next-Gen Magnetic Levitation Technology and AI Cooling Portfolio at AI Infra Summit 2026 SANTA CLARA, Calif., Sept. 20, 2026 /PRNewswire/ — Under the DUO POWER… [](https://thailandbusinessnews.net/press-release/when-210-million-people-learn-chinese-they-see-more-than-a-language/) ![When 210 million people learn Chinese, they see more than a language](https://i0.wp.com/mmx.prnasia.com/media/MS1992050/20260919222148EDT_image_1.jpg?resize=260%2C140&ssl=1 "When 210 million people learn Chinese, they see more than a language") ## When 210 million people learn Chinese, they see more than a language BEIJING, Sept. 20, 2026 /PRNewswire/ — The following article was published today… [](https://thailandbusinessnews.net/press-release/huawei-unveils-upgraded-stellar-ai-campus-network-to-usher-in-the-new-era-of-ai-campuses/) ![Huawei Unveils Upgraded Stellar AI Campus Network to Usher in the New Era of AI Campuses](https://i0.wp.com/mmx.prnasia.com/media/MS1991475/20260918061717EDT_image_1.jpg?resize=260%2C140&ssl=1 "Huawei Unveils Upgraded Stellar AI Campus Network to Usher in the New Era of AI Campuses") ## Huawei Unveils Upgraded Stellar AI Campus Network to Usher in the New Era of AI Campuses SHANGHAI, Sept. 20, 2026 /PRNewswire/ — During HUAWEI CONNECT 2026, Huawei…