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MicroAlgo Inc. Details WiMi Hologram Cloud's Strategic Investment
MLGO
New Projects/Investments
Convertible Preferred Issuance
- WiMi Hologram Cloud Inc. (WIMI) has reaffirmed its long-term strategic investment in its subsidiary, MicroAlgo Inc. (MLGO), as of October 24, 2025.
- WiMi's investments in MicroAlgo include convertible note agreements and a direct share purchase, as detailed below :
| Metric | Jan 2024 | Oct 2024 | Jun 2025 |
|---|---|---|---|
| Direct Share Purchase ($USD Millions) | $4 | N/A | N/A |
| Convertible Note Agreement ($USD Millions) | N/A | $23 | $32.2 |
- These investments have increased WiMi's stake in MicroAlgo to 61.92%.
- WiMi has committed to 10-year lock-up agreements on all its MicroAlgo holdings, indicating no plans for sales or transfers.
Oct 24, 2025, 10:10 AM
MicroAlgo Inc. Completes Share Capital Reduction
MLGO
Accounting Changes
Proxy Vote Outcomes
- MicroAlgo Inc. announced the completion of its previously announced share capital reduction on October 10, 2025.
- The reduction, confirmed by the Grand Court of the Cayman Islands on September 16, 2025, involved reducing the par value of each issued share from US$6.00 to US$0.0000001.
- The Company's authorized share capital was changed from US$6,000,000,000 to US$100.
- The credit generated from this reduction has been transferred to a distributable reserve account.
Oct 10, 2025, 10:00 AM
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