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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.
WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced it 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.
About this update from Wimi Hologram Cloud Inc.
[{"type":"text","content":"BEIJING, March 27, 2025 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced it 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.","length":378,"tagName":"p"},{"type":"text","content":"As of March 27, 2025, WIMI Hologram Cloud Inc holds 40,000 Class A ordinary shares, 1,810,658 Class A ordinary shares (restricted), and 44,878,261 Class B ordinary shares (restricted) of MicroAlgo Inc. (NASDAQ: MLGO) ("MicroAlgo Inc."), representing a total equity stake of 67.65% of MicroAlgo's total shares outstanding. WIMI has no plans to sell or otherwise dispose of any Microalgo ordinary shares. To stabilize market expectations, WIMI Hologram Cloud has committed to a ten-year lock-up period for all currently owned MicroAlgo shares.","length":555,"tagName":"p"},{"type":"text","content":"About WiMi Hologram Cloud","length":25,"tagName":"p"},{"type":"text","content":"WiMi Hologram Cloud, Inc. (NASDAQ: WiMi) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.","length":754,"tagName":"p"},{"type":"text","content":"Safe Harbor Statements","length":22,"tagName":"p"},{"type":"text","content":"This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "esti...