secwatch.observer — SEC 8-K summary
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Issuer:     MicroAlgo Inc. (MLGO)
CIK:        0001800392
Form:       8-K
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0001829126-22-019398
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Venus Acquisition shareholders approve extension to Dec 11; ~75% of shares redeemed
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- Extension proposal passed with 4,653,500 votes for, 4 against; abstentions 0.
- As of Nov 8, total shares submitted for redemption reached 4,559,459, including 12,064 from extension meeting.
- Net redeemed shares stand at 4,522,704, representing 74.76% of outstanding ordinary shares.
- Extension provides until Dec 11, 2022 to close business combination with VIYI Algorithm Inc. (to become MicroAlgo Inc.).
- High redemption rate severely reduces trust cash available for the post-business combination entity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800392/000182912622019398/0001829126-22-019398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800392/000182912622019398/venusacquisition_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-22-019398

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