{"id":830641,"date":"2025-03-27T09:20:11","date_gmt":"2025-03-27T13:20:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/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\/"},"modified":"2025-03-27T09:20:11","modified_gmt":"2025-03-27T13:20:11","slug":"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","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/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\/","title":{"rendered":"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."},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">BEIJING<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">March 27, 2025<\/span><\/span> \/PRNewswire\/ &#8212; WiMi Hologram Cloud Inc. (NASDAQ: WiMi) (&#8220;WiMi&#8221; or the &#8220;Company&#8221;), a leading global Hologram Augmented Reality (&#8220;AR&#8221;) 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.<\/p>\n<p>As of <span class=\"xn-chron\">March 27, 2025<\/span>, 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) (&#8220;MicroAlgo Inc.&#8221;), representing a total equity stake of 67.65% of MicroAlgo&#8217;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.<\/p>\n<p>About WiMi Hologram Cloud<\/p>\n<p>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.<\/p>\n<p>Safe Harbor Statements<\/p>\n<p>This press release contains &#8220;forward-looking statements&#8221; within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as &#8220;will,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;future,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; and similar statements. Statements that are not historical facts, including statements about the Company&#8217;s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company&#8217;s strategic and operational plans contain forward\u2212looking statements. The Company may also make written or oral forward\u2212looking statements in its periodic reports to the US Securities and Exchange Commission (&#8220;SEC&#8221;) on Forms 20\u2212F and 6\u2212K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward\u2212looking statement, including but not limited to the following: the Company&#8217;s goals and strategies; the Company&#8217;s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company&#8217;s expectations regarding demand for and market acceptance of its products and services.<\/p>\n<p>Further information regarding these and other risks is included in the Company&#8217;s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.<\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN51461&amp;sd=2025-03-27\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/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-302413200.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/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-302413200.html<\/a><\/p>\n<p>SOURCE  WiMi Hologram Cloud Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN51461&amp;Transmission_Id=202503270915PR_NEWS_USPR_____CN51461&amp;DateId=20250327\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BEIJING , March 27, 2025 \/PRNewswire\/ &#8212; WiMi Hologram Cloud Inc. (NASDAQ: WiMi) (&#8220;WiMi&#8221; or the &#8220;Company&#8221;), a leading global Hologram Augmented Reality (&#8220;AR&#8221;) 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. 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) (&#8220;MicroAlgo Inc.&#8221;), representing a total equity stake of 67.65% of MicroAlgo&#8217;s total shares outstanding. WIMI has no plans to sell or otherwise dispose of any Microalgo ordinary shares. To stabilize market expectations, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/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\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;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.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-830641","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>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. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/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\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"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. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BEIJING , March 27, 2025 \/PRNewswire\/ &#8212; WiMi Hologram Cloud Inc. (NASDAQ: WiMi) (&#8220;WiMi&#8221; or the &#8220;Company&#8221;), a leading global Hologram Augmented Reality (&#8220;AR&#8221;) 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. 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) (&#8220;MicroAlgo Inc.&#8221;), representing a total equity stake of 67.65% of MicroAlgo&#8217;s total shares outstanding. WIMI has no plans to sell or otherwise dispose of any Microalgo ordinary shares. To stabilize market expectations, &hellip; Continue reading &quot;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.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/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\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-27T13:20:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN51461&amp;sd=2025-03-27\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/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\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/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\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"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.\",\"datePublished\":\"2025-03-27T13:20:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/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\\\/\"},\"wordCount\":530,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/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\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CN51461&amp;sd=2025-03-27\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/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\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/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\\\/\",\"name\":\"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. - 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(NASDAQ: WiMi) (&#8220;WiMi&#8221; or the &#8220;Company&#8221;), a leading global Hologram Augmented Reality (&#8220;AR&#8221;) 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. 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) (&#8220;MicroAlgo Inc.&#8221;), representing a total equity stake of 67.65% of MicroAlgo&#8217;s total shares outstanding. WIMI has no plans to sell or otherwise dispose of any Microalgo ordinary shares. 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