Recent 8-K filings for MLGO

• March 29, 2023, 7:59 PM ET earnings materiality 0.40 neutral item 2.02item 9.01 ◈ Earnings Releases

  MicroAlgo reports 2022 revenue of $87.1M, up $5.1M YoY

  Revenue of $87.1M for FY 2022, up $5.1M from prior year, driven by algorithmic services for network video customers.

• March 17, 2023, 7:59 PM ET other material materiality 0.35 neutral item 4.01item 9.01 ◈ Auditor Changes ×2

  MicroAlgo replaces auditor Marcum with OneStop Assurance PAC effective March 16, 2023

  Marcum LLP terminated as independent auditor on March 16, 2023; no disagreements or reportable events in prior two fiscal years.

• January 13, 2023, 6:59 PM ET other material materiality 0.60 neutral item 1.01item 8.01item 9.01 ◈ Material Agreements

  MicroAlgo raises ~$3.2M in private placement of units at $1.20/unit

  Sold 2,666,667 units at $1.20 each to Joyous JD Limited; gross proceeds ~$3.2M.

• December 16, 2022, 6:59 PM ET M&A materiality 0.80 neutral item 1.01item 2.01item 3.02item 9.01item 3.01item 5.01item 5.02item 5.03item 5.07item 5.06item 7.01 ◈ Material Agreements ×5◈ Governance Changes ×2◈ M&A Transactions

  MicroAlgo completes SPAC merger with VIYI, begins trading under MLGO

  Closed business combination on Dec 9, 2022; VIYI becomes wholly-owned subsidiary; renamed MicroAlgo Inc.

• November 23, 2022, 6:59 PM ET other material materiality 0.65 neutral item 1.01item 9.01 ◈ Material Agreements

  Backstop agreement secures up to $25M to cover SPAC share redemptions for VIYI Algorithm merger

  Joyous JD Limited agrees to purchase redeemed shares in open market or private transactions up to $25 million at redemption price.

• November 18, 2022, 6:59 PM ET other material materiality 0.80 negative item 5.07 ◈ Shareholder Votes

  Venus Acquisition shareholders approve extension to Dec 11; ~75% of shares redeemed

  Extension proposal passed with 4,653,500 votes for, 4 against; abstentions 0.

• October 25, 2022, 7:59 PM ET other material materiality 0.75 negative item 5.07

  Venus Acquisition shareholders approve merger with VIYI; 4.55M shares redeemed (~75% of public float)

  Business combination with VIYI Algorithm Inc. approved; company to be renamed MicroAlgo Inc.

• September 30, 2022, 7:59 PM ET other material materiality 0.30 neutral item 4.01item 9.01

  Venus Acquisition replaces auditor Friedman with Marcum after Friedman merger

  Audit Committee dismissed Friedman and engaged Marcum as independent auditor for FY2022, effective Sept 30, 2022.

• August 10, 2022, 7:59 PM ET M&A materiality 0.35 neutral item 1.01item 9.01

  Venus Acquisition amends merger agreement with VIYI Algorithm; adjusts financial statement delivery timeline

  Fourth amendment to Merger Agreement with VIYI Algorithm Inc. signed August 10, 2022.

• August 4, 2022, 7:59 PM ET M&A materiality 0.55 neutral item 1.01item 9.01

  Venus Acquisition amends merger agreement with VIYI; backstop terminated

  Third Amendment to Merger Agreement dated August 3, 2022 among Venus, VIYI, and WiMi.

• August 2, 2022, 7:59 PM ET M&A materiality 0.55 neutral item 1.01item 9.01

  Venus Acquisition extends merger deadline with VIYI Algorithm to Nov 11, 2022

  Second amendment to merger agreement extends outside termination date to November 11, 2022.

• January 24, 2022, 6:59 PM ET other material materiality 0.70 neutral item 1.01item 1.02item 9.01

  Venus Acquisition extends merger deadline to June 30, 2022; replaces backstop with WiMi for up to $15M

  Amendment to merger agreement extends outside closing date from Feb 11, 2022 to June 30, 2022.

• January 18, 2022, 6:59 PM ET other material materiality 0.65 negative item 9.01item 8.01

  Venus Acquisition restates Feb 2021 balance sheet; reclassifies warrants as equity, shares as temporary equity

  Restated balance sheet reclassifies 4,600,000 Public Warrants from liabilities to equity; no effect on operating expenses or cash.

• January 18, 2022, 6:59 PM ET other material materiality 0.80 negative item 4.02

  Venus Acquisition restates financials; reclassifies warrants and public shares

  Previously issued audited balance sheet as of June 10, 2021 and Q2 2021 interim statements should no longer be relied upon.

Materiality & sentiment trend

Max materiality 0.80 · Median 0.62 · Most common event other_material

0 positive 4 negative 10 neutral

source · MLGO on sec.gov