Welcome to our dedicated page for MicroAlgo SEC filings (Ticker: MLGO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to MicroAlgo Inc.’s U.S. Securities and Exchange Commission filings, giving investors a direct view into the company’s regulatory disclosures. MicroAlgo Inc. is identified in its filings as a Cayman Islands exempted company and a foreign private issuer that reports under the Securities Exchange Act of 1934 on Form 20-F and Form 6-K. Its principal executive offices are located in Shenzhen, People’s Republic of China, and its ordinary shares trade on Nasdaq under the symbol MLGO.
Through its Form 6-K submissions, MicroAlgo furnishes a range of information, including unaudited interim condensed consolidated financial statements and management’s discussion and analysis for specific periods, as well as explanatory notes on corporate actions. For example, a Form 6-K dated September 10, 2025 contains financial statements for the six months ended June 30, 2025 and related MD&A, which are incorporated by reference into a registration statement on Form F-3. Other Form 6-K reports describe the results of an Extraordinary General Meeting of shareholders and detail a share capital reorganization, including a share consolidation, an increase in authorized share capital, a reduction of share capital and amendments to the Memorandum and Articles of Association, as confirmed by the Grand Court of the Cayman Islands.
Filings also address financing arrangements. A Form 6-K dated June 20, 2025 outlines a Convertible Note Purchase Agreement with parent company WiMi Hologram Cloud Inc., describing the terms of an unsecured convertible promissory note, its floating conversion price mechanism and the potential for substantial dilution and conflicts of interest due to the related-party nature of the transaction.
On Stock Titan, users can view these SEC filings as they are made available from EDGAR and use AI-powered summaries to understand key points in documents such as Form 6-K reports, financial statements and transaction disclosures. The platform is designed to help readers quickly identify material information on capital structure changes, related-party financings, and other regulatory updates that MicroAlgo submits to the SEC.
MicroAlgo Inc. (MLGO) filed a Form 6-K disclosing that on 20 June 2025 it issued an unsecured, 0% coupon, 360-day $35 million convertible promissory note to its parent company, WiMi Hologram Cloud Inc. The note carries an 8% original-issue discount, so the cash proceeds to MicroAlgo amount to $32.2 million.
Conversion mechanics: The holder may convert at any time at a price equal to 40% of the lowest closing price of MLGO’s Class A shares in the 60 trading days prior to conversion—a 60% discount. A concurrent 10-year lock-up restricts any sale or transfer of conversion shares, subject to limited exceptions.
Implications for investors:
- The deep, floating discount makes the instrument highly dilutive if exercised, especially if the share price weakens, because the share count issued on conversion rises as the market price falls.
- The note is a related-party transaction; terms overwhelmingly favor the parent, creating potential conflicts with minority shareholders.
- Although the structure delivers immediate liquidity without interest expense and defers any cash repayment for one year, the aggressive discount plus 8% OID represents a meaningful economic cost and could exert persistent downward pressure on the equity.
The filing attaches the Purchase Agreement, Convertible Note, and Lock-Up Agreement as Exhibits 99.1-99.3 and cautions that the summary is qualified in its entirety by the full documents.
FAQ
What is the current stock price of MicroAlgo (MLGO)?
What is the market cap of MicroAlgo (MLGO)?
