MicroAlgo Agrees to Private Placement of Units for Up to $3.2 Million
MicroAlgo Inc. entered into a Private Placement Unit Purchase Agreement on January 13, 2023, with Joyous JD Limited, which will buy up to 2,666,667 units at $1.20 per unit for gross proceeds of approximately $3.2 million. Each unit includes one ordinary share and one warrant exercisable at $1.35 per share, and the closing is subject to customary conditions. The filing also describes a registration rights agreement under which the company will file a registration statement with the SEC upon the investor's demand.
Key points
- Investor: Joyous JD Limited; up to 2,666,667 units at $1.20 per unit
- Each unit: one ordinary share (par value $0.001) and one warrant at a $1.35 exercise price per whole share
- Gross proceeds of approximately $3.2 million, subject to customary closing conditions
- Registration rights agreement requires an SEC registration statement upon the investor's demand
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 13, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.