MicroAlgo Soars 15% on WIMI's 67.65% Stake, 10-Year Lock-Up

On March 28, 2025, MicroAlgo's pre-market price was 11.73, indicating a significant movement in the stock's value.

WIMI Hologram Cloud Inc has increased its stake in MicroAlgo Inc to 67.65% and committed to a ten-year lock-up period for all currently owned shares. This strategic move by WIMI Hologram Cloud Inc is expected to have a substantial impact on MicroAlgo's stock price, as it signals a long-term commitment to the company's growth and development.

This acquisition is part of a broader trend in the tech industry, where companies are increasingly looking to consolidate their positions by acquiring stakes in innovative startups. The ten-year lock-up period is a strong indicator of WIMI Hologram Cloud Inc's confidence in MicroAlgo's future prospects, which could attract more investors to the stock.