Welcome to our dedicated page for VENA news (Ticker: VENA), a resource for investors and traders seeking the latest updates and insights on VENA stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VENA's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VENA's position in the market.
Venus Acquisition Corporation announced the completion of its business combination with VIYI Algorithm Inc. on December 9, 2022. Following the merger, Venus has changed its name to MicroAlgo Inc., with shares scheduled to trade under the symbol 'MLGO' on Nasdaq starting December 13, 2022. As part of this transaction, public rights have been converted into ordinary shares. VIYI specializes in bespoke central processing algorithms, offering solutions to enhance customer satisfaction and operational efficiency, positioning itself for potential rapid revenue growth in China.
Venus Acquisition Corporation (Nasdaq: VENA) announced a definitive merger agreement with VIYI Algorithm Inc., a Cayman-based company, valuing the latter at $400 million. The transaction is structured as a stock-for-stock merger, with VIYI Algo stockholders receiving approximately 39.6 million shares of Venus, equating to 85% of the combined outstanding shares post-closing. Venus will rebrand as MicroAlgo Inc. and aims to complete the merger by Q3 2021, pending shareholder and regulatory approvals.
FAQ
What is the market cap of VENA (VENA)?
