01:51 PM EDT, 03/21/2025 (MT Newswires) -- MicroAlgo ( VENAF ) shares fell 32% in recent Friday trading after the company said it would issue new shares at $0.8 apiece to repay debt.

The company said it was asked by holders of its $20 million convertible bonds to issue the shares. Under an agreement signed in October 2024, the convertible bonds have a maturity of 360 days, MicroAlgo ( VENAF ) said.

Price: 2.12, Change: -1.00, Percent Change: -32.05