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MicroAlgo | 424B5: Prospectus

MicroAlgo | 424B5:募资说明书

SEC announcement ·  01/10 00:00
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MicroAlgo Inc., a Cayman Islands exempted company, has announced the issuance and sale of up to $2,900,000 in ordinary shares. The company, which specializes in the development and application of bespoke central processing algorithms, is incorporated in the Cayman Islands but conducts its business operations primarily through its subsidiaries in China. The ordinary shares are listed on the Nasdaq Capital Market under the symbol 'MLGO.' The prospectus supplement, dated January 10, 2024, details the offering, which is subject to certain conditions and is expected to close after January 10, 2024. The net proceeds from the offering are intended for working capital and general corporate purposes. MicroAlgo Inc. is not considered a PRC resident enterprise for tax purposes and does not expect to be treated as such. However, the company acknowledges the uncertainty regarding the interpretation of 'de facto management body' by PRC tax authorities, which could potentially change its tax obligations. The company also highlighted the risks associated with being classified as a Passive Foreign Investment Company (PFIC) and the implications for U.S. investors.
MicroAlgo Inc., a Cayman Islands exempted company, has announced the issuance and sale of up to $2,900,000 in ordinary shares. The company, which specializes in the development and application of bespoke central processing algorithms, is incorporated in the Cayman Islands but conducts its business operations primarily through its subsidiaries in China. The ordinary shares are listed on the Nasdaq Capital Market under the symbol 'MLGO.' The prospectus supplement, dated January 10, 2024, details the offering, which is subject to certain conditions and is expected to close after January 10, 2024. The net proceeds from the offering are intended for working capital and general corporate purposes. MicroAlgo Inc. is not considered a PRC resident enterprise for tax purposes and does not expect to be treated as such. However, the company acknowledges the uncertainty regarding the interpretation of 'de facto management body' by PRC tax authorities, which could potentially change its tax obligations. The company also highlighted the risks associated with being classified as a Passive Foreign Investment Company (PFIC) and the implications for U.S. investors.
开曼群岛豁免公司MicroAlgo Inc. 宣布发行和出售高达29万美元的普通股。该公司专门从事定制中央处理算法的开发和应用,在开曼群岛注册成立,但主要通过其在中国的子公司开展业务运营。普通股在纳斯达克资本市场上市,股票代码为 “MLGO”。2024年1月10日的招股说明书补充文件详细介绍了此次发行,该发行受某些条件的约束,预计将于2024年1月10日之后结束。此次发行的净收益用于营运资金和一般公司用途。出于税收目的,MicroAlgo Inc. 不被视为中国居民企业,预计不会被视为中国居民企业。但是,该公司承认,中国税务机关对 “事实上的管理机构” 的解释存在不确定性,这可能会改变其纳税义务。该公司还强调了与被归类为被动外国投资公司(PFIC)相关的风险及其对美国投资者的影响。
开曼群岛豁免公司MicroAlgo Inc. 宣布发行和出售高达29万美元的普通股。该公司专门从事定制中央处理算法的开发和应用,在开曼群岛注册成立,但主要通过其在中国的子公司开展业务运营。普通股在纳斯达克资本市场上市,股票代码为 “MLGO”。2024年1月10日的招股说明书补充文件详细介绍了此次发行,该发行受某些条件的约束,预计将于2024年1月10日之后结束。此次发行的净收益用于营运资金和一般公司用途。出于税收目的,MicroAlgo Inc. 不被视为中国居民企业,预计不会被视为中国居民企业。但是,该公司承认,中国税务机关对 “事实上的管理机构” 的解释存在不确定性,这可能会改变其纳税义务。该公司还强调了与被归类为被动外国投资公司(PFIC)相关的风险及其对美国投资者的影响。
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