secwatch.observer — SEC 8-K summary
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Issuer:     MicroAlgo Inc. (MLGO)
CIK:        0001800392
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0001829126-22-020336
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 3.02, 9.01, 3.01, 5.01, 5.02, 5.03, 5.07, 5.06, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

MicroAlgo completes SPAC merger with VIYI, begins trading under MLGO
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- Closed business combination on Dec 9, 2022; VIYI becomes wholly-owned subsidiary; renamed MicroAlgo Inc.
- Post-combination shares outstanding: 43,856,706 ordinary shares; VIYI shareholders own ~90.3%.
- Ordinary shares began trading on Nasdaq under MLGO on Dec 13, 2022; 4,825,000 warrants outstanding.
- Backstop amendment: Joyous JD purchased $21.6M of Venus shares at $10.55; no additional backstop required at closing.
- Lock-up: 50% of shares restricted for 6 months or if price hits $12.50 for 20 of 30 trading days; 2.5M shares free of lock-up.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800392/000182912622020336/0001829126-22-020336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800392/000182912622020336/microalgo_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-22-020336

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer