MicroAlgo raises ~$3.2M in private placement of units at $1.20/unit

MicroAlgo Inc.

Sold 2,666,667 units at $1.20 each to Joyous JD Limited; gross proceeds ~$3.2M.
Each unit consists of one ordinary share and one warrant exercisable at $1.35.
Company will file registration statement covering resale of shares under Registration Rights Agreement.
Closing subject to customary conditions; no guarantee of completion.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MicroAlgo Inc. entered into Private Placement Unit Purchase Agreement with Joyous JD Limited valued at approximately $3.2 million (effective 2023-01-13).

Action: entry
Agreement: equity purchase
Counterparty: Joyous JD Limited
Value: approximately $3.2 million
Effective: 2023-01-13

Exact text from the filing

On January 13, 2023, MicroAlgo Inc. (the “Company”) entered into a Private Placement Unit Purchase Agreement (the “Purchase Agreement”) with Joyous JD Limited (the “Investor”).

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MicroAlgo Inc. filing history →

Source: SEC EDGAR

accession 0001829126-23-000770

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