MicroAlgo Inc. plans to issue additional new shares at an offering price of $0.8 per share.

Core Viewpoint - MicroAlgo Inc. plans to issue new shares at $0.8 per share to repay a$20 million convertible bond, which was agreed upon with creditors on October 7, 2024, and has a maturity period of 360 days [1][2]. Group 1: Convertible Bond Agreement - The convertible bond purchase agreement involves a total amount of $20 million, with bonds convertible into common shares at a price equal to 70$0.8 per share as part of the debt repayment process [2]. Group 2: Company Overview - MicroAlgo Inc. is a Cayman Islands exempted company focused on developing and applying bespoke central processing algorithms, providing solutions that enhance customer acquisition, end-user satisfaction, cost savings, and technical goals [4]. - The company's services include algorithm optimization, computing power acceleration without hardware upgrades, lightweight data processing, and data intelligence services [4].