M&A
confidence high
sentiment neutral
materiality 0.55
Venus Acquisition amends merger agreement with VIYI; backstop terminated
MicroAlgo Inc.
- Third Amendment to Merger Agreement dated August 3, 2022 among Venus, VIYI, and WiMi.
- Amendment removes approval to issue up to 1,485,149 Venus ordinary shares to Backstop Investor.
- Backstop Agreement with WiMi terminated June 30, 2022; no shares were purchased.
- No replacement backstop investor identified; parties seeking new backstop arrangements.