MicroAlgo Inc. announced that it has entered into agreement for a private placement of up to 2,666,667 units at an issue price of $1.20 per unit for proceeds of $3,200,000 on January 13, 2023. The transaction will include participation from Joyous Jd Ltd. Each unit consists of one share and one warrant, each warrant entitles the holder to purchase one share at an exercise price of $1.35. The closing is subject to the satisfaction of customary closing conditions.