Brief: WiMi Unit MicroAlgo To Be Listed On Nasdaq Valued At $400 Million

WiMi Hologram Cloud

13/12/2022 15:04

Dec 13 (Reuters) - WiMi Hologram Cloud Inc  WIMI.O :
    * WIMI ANNOUNCES ITS SUBSIDIARY MICROALGO (MLGO.US) TO BE
LISTED
ON NASDAQ VALUED AT $400 MILLION
    * SURVIVING ENTITY WILL BE RENAMED MICROALGO INC. AND WILL
TRADE
UNDER NASDAQ SYMBOL "MLGO"
    * AFTER LISTING, AS MAJORITY SHAREHOLDER, WIMI WILL
EFFECTIVELY
CONTROL MICROALGO INC. BY HOLDING 63.32% OF VOTING POWER

Source text for Eikon:  ID:nPn8jbf24a 
Further company coverage:  WIMI.O 
 ((Reuters.Briefs@thomsonreuters.com;))