M&A
confidence high
sentiment neutral
materiality 0.55
Venus Acquisition extends merger deadline with VIYI Algorithm to Nov 11, 2022
MicroAlgo Inc.
- Second amendment to merger agreement extends outside termination date to November 11, 2022.
- New closing condition added requiring requisite vote of VIYI shareholders.
- Amendment requires audited FY2021 financials and reviewed statements for periods ended June 30 and March 31, 2022.
- Conforming changes to file proxy statement for shareholder approval of merger.
- WiMi Hologram Cloud (NASDAQ: WIMI) holds ~73% of VIYI's share capital.