WiMi Hologram Cloud Inc. Reaffirms Strategic Investment in MicroAlgo Inc.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) has reaffirmed its long-term strategic investment in its subsidiary, MicroAlgo Inc. (NASDAQ: MLGO). The company detailed its investment history, including multiple tranches of convertible notes and direct share purchases. Key investments include a $23 million convertible note in October 2024, a $32.2 million convertible note in June 2025, and a direct share purchase of 8 million shares in January 2024. WiMi has committed to 10-year lock-up agreements on all holdings of MicroAlgo, emphasizing its dedication to long-term value creation and stable governance.