Core Insights - WiMi Hologram Cloud Inc. has increased its stake in MicroAlgo Inc. to 67.65% and has committed to a ten-year lock-up period for its shares [1][2]. Company Overview - WiMi Hologram Cloud, Inc. is a leading provider of holographic cloud technology, focusing on areas such as holographic AR automotive HUD software, 3D holographic pulse LiDAR, and holographic semiconductor technology [3]. - The company's services include various holographic AR technologies, such as automotive applications, advertising, entertainment, and interactive communication [3]. Shareholding Details - As of March 27, 2025, WiMi holds a total of 44,878,261 restricted Class B ordinary shares, 1,810,658 restricted Class A ordinary shares, and 40,000 unrestricted Class A ordinary shares of MicroAlgo, representing a total equity stake of 67.65% [2]. - WiMi has no plans to sell or dispose of any MicroAlgo shares during the lock-up period [2].
WIMI Hologram Cloud Inc has increased its stake in MicroAlgo Inc (NASDAQ: MLGO) to 67.65% and committed to a ten-year lock-up period for all currently owned MicroAlgo shares.