Filing Details
- Accession Number:
- 0001013762-25-003080
- Form Type:
- 13D Filing
- Publication Date:
- 2025-03-26 20:00:00
- Filed By:
- WiMi Hologram Cloud Inc.
- Company:
- Microalgo Inc.
- Filing Date:
- 2025-03-27
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| WiMi Hologram Cloud Inc. | 46,728,919 | 0 | 46,728,919 | 0 | 46,728,919 | 99.79% |
| Jie Zhao | 30,046,694 | 0 | 30,046,694 | 0 | 0 | 64.16% |
Filing
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
|
MicroAlgo Inc. (Name of Issuer) |
Class A Ordinary Shares (Title of Class of Securities) |
G6077Y301 (CUSIP Number) |
WiMi Hologram Cloud Inc. Room#2002, Building A, Wentley Center, 1st West Dawang Road, Chaoyang District Beijing, F4, 100020 (852) 2522-9333 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
03/25/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
|
| CUSIP No. | G6077Y301 |
| 1 |
Name of reporting person
WiMi Hologram Cloud Inc. | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
 (a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
CAYMAN ISLANDS
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
46,728,919.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
99.79 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person:
(1) Note to Row 7,9, 11: Includes 1,850,658 Class A ordinary shares and 44,878,261 Class B ordinary shares.
(2) The percentage ownership interest is determined based on 899,415,878 outstanding votes of the Issuer representing Class A and Class B ordinary shares of the Issuer.
SCHEDULE 13D
|
| CUSIP No. | G6077Y301 |
| 1 |
Name of reporting person
Jie Zhao | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
CHINA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
0.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
64.16 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person:
(1) The reported securities are directly held by WiMi.
(2) The percentage ownership interest is determined based on 899,415,878 outstanding votes of the Issuer representing Class A and Class B ordinary shares of the Issuer.
SCHEDULE 13D
|
| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Class A Ordinary Shares | |
| (b) | Name of Issuer:
MicroAlgo Inc. | |
| (c) | Address of Issuer's Principal Executive Offices:
Unit 507, Building C, Taoyuan Street, LongJing High New Tech Jingu Pioneer Pk, Nanshan District, Shenzhen,
CHINA
, 518052. | |
Item 1 Comment:
This Amendment No. 2 amends and supplements the statement on Schedule 13D initially filed by the Reporting Person with the SEC on December 28, 2022, as amended on January 10, 2024 (the "Schedule 13D").
Capitalized terms used but not defined herein shall have the meanings attributed to them in the Schedule 13D.
Except as otherwise set forth herein, this Amendment No. 2 does not modify any of the information previously reported by the Reporting Person in the Schedule 13D.
The purpose of this Amendment No. 2 is to update the Reporting Persons' beneficial ownership information in the Schedule 13D. | ||
| Item 3. | Source and Amount of Funds or Other Consideration | |
Item 3 of the Schedule 13D is supplemented as follows:
The Reporting Persons acquired the securities of the Issuer on March 25, 2025, by way of conversion of convertible notes. Item 4 below provides a general overview of the conversion transaction (defined in Item 4 below). | ||
| Item 4. | Purpose of Transaction | |
Item 4 of the Schedule 13D is supplemented as follows:
The information set forth in Item 3 of this Schedule 13D is incorporated herein by reference.
Convertible Note Purchase and Note Conversion
On October 11, 2024, the Issuer entered into a Convertible Note Purchase Agreement (the "Note Purchase Agreement") with WiMi in connection with the issuance and sale of unsecured convertible notes in the aggregate principal amount of up to $25,000,000 and at an aggregate purchase price of up to $23,000,000 in a transaction exempt from registration under the Securities Act of 1933, as amended (the "Transaction"). On March 25, 2025, WiMi acquired 34,878,261 Class B ordinary shares in restricted shares by the conversion of convertible notes acquired under the Transaction.
WiMi acquired additional shares of the Issuer to maintain a majority ownership stake of the Issuer. Except as stated herein, the Reporting Person has no present plans or proposals that relate to or would result in any of the actions required to be described in subsections (a) through (j) of Item 4 of Schedule 13D. The Reporting Person may, at any time, review or reconsider his positions with respect to the Issuer and formulate plans or proposals with respect to any of such matters, but except as described herein, has no present intention of doing so.
The information contained in rows (7), (8), (9), (10), (11) and (13) of the cover page of this Schedule 13D and the corresponding footnotes, and the information set forth in or incorporated by reference in Item 2, Item 3, Item 5 and Item 6 of this Schedule 13D is hereby incorporated by reference in its entirety into this Item 4. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | The responses to rows (7) through (13) of the cover page of this Schedule 13D and the corresponding footnotes are hereby incorporated by reference in their entirety in this Item 5. | |
| (b) | See responses to Items 11 and 13 on the cover page. | |
| (c) | See response to Rows (7), (8), (9) and (10) on the cover page. | |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
Item 4 above summarizes the terms of the conversion transaction. A copy of the Convertible Note Purchase Agreement is attached as an exhibit to this Schedule 13D, and is incorporated herein by reference.
Except as set forth herein, none of the Reporting Persons has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Issuer, including but not limited to any contracts, arrangements, understandings or relationships concerning the transfer or voting of such securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies. | ||
| Item 7. | Material to be Filed as Exhibits. | |
Exhibit Number - Description
1 - Joint Filing Agreement.
2 - Convertible Note Purchase Agreement dated October 11, 2024 (Incorporation by reference to Exhibit 99.1 of the Issuer's Form 6-K furnished to the SEC on October 15, 2024). | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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