In this article, we’ll focus on how MicroAlgo Inc. (MLGO) compares to other standout performers.
U.S. stock markets kicked off Monday on a high note, closing in positive territory as investors speculated that President Donald Trump might ease back on proposed broad tariffs, potentially helping the U.S. avoid a downturn.
Leading the rally, the Nasdaq climbed 2.27%, followed by a 1.76% rise in the S&P 500, and a 1.42% gain in the Dow Jones Industrial Average.
Several micro- and small-cap companies rode this wave of optimism, with ten of them posting impressive double- or even triple-digit percentage increases during intraday trading. Below, we take a closer look at what fueled these gains.
To create our list, we considered stocks with the largest percentage increases during the trading day.
MicroAlgo Inc. (MLGO) surged as much as 508.7% during intraday trading Monday, eventually closing up 455.16% at $13.99 per share. This spike came after the company announced plans to issue additional shares.
MicroAlgo revealed that it would offer the new shares at $8 per share, as part of a $20 million convertible bond agreement signed with creditors in October of the previous year.
These bonds, which mature in 360 days, can be converted into common stock at 70% of the lowest closing market price within the 60 trading days before any conversion request.
The company stated that it had received a notice from creditors asking for repayment in the form of newly issued shares at $0.80 each, consistent with the terms of the agreement.
“The company intends to meet the relevant conditions of the US$20 million convertible bond purchase agreement by issuing new shares at $0.80 per share to repay the debt,” MicroAlgo said.Thanks to this massive jump, MLGO secured the top spot on our list of small firms with major Monday gains.
MicroAlgo Inc. is involved in the creation and implementation of custom-designed core calculation methodologies. Their suite of offerings encompasses algorithm refinement, enhancing computational speed absent physical component enhancements, streamlined data handling, and data analytics solutions
WRLD | NKTX | TKC | BG | RELI |
SEER | RGEN | AUR | BELFB | BAC |
Nothing on this site is meant to be a recommendation to buy or sell securities nor an offer to buy or sell securities. Use this information at your own risk.
Your continued use of this site implies agreement with our terms and conditions, which may be revised from time to time.