MicroCloud Hologram Inc. announced that it has entered into Convertible Note Purchase Agreement with certain investors, pursuant to which the Company issued to each Investor an Unsecured Convertible Promissory Note for the aggregate principal amount of $18,000,000 on April 22, 2024. The Note has a term of 360 days. The Notes carry an aggregate original issue discount of $1,440,000.

The Company bore the costs and other transaction expenses incurred in connection with the purchase and sale of the Notes.