MicroCloud Hargram Inc., a tech company incorporated in the Cayman Islands, has announced the sale of up to $28 million in Convertible Notes due 2025, which are set to be exchanged for ordinary shares in the company. This move, detailed in a prospectus supplement and facilitated by a registration statement filed with the SEC, aims to bolster the company’s financial position. Legal counsel has confirmed the validity and good standing of the company in the Cayman Islands, ensuring that the shares will be legally issued and fully paid.

HOLO keeps trending down along this green trendline. There is support around 53 cents. I haven’t been buying or selling, I will wait for the end of August to see how the price action looks after the extremely bullish seasonality trend in August. On the way up the key short-term price levels are $1.46 and $3.12.

Holo’s seasonality is bearish next week, but starts to gain bullish momentum the week of July 22.

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