Microcloud Hologram Inc. (HOLO) has released an update.
MicroCloud Hologram Inc. has entered a Convertible Note Purchase Agreement, enabling the sale of convertible promissory notes to a purchaser, which can be converted into company shares. The agreement leverages an exemption from securities registration under the 1933 Act, aiming to complete the sale within 30 days. The transaction underscores the investor’s acknowledgment of the risks and regulations associated with the securities, which are considered restricted and require adherence to specific conditions for resale.
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