Brief: Wimi Hologram Cloud Inc. Announces Merger Of Viyi Algorithm Inc. And Venus Acquisition Corporation
10/06/2021 14:10
June 10 (Reuters) - WiMi Hologram Cloud Inc WIMI.O :
* WIMI HOLOGRAM CLOUD INC. ANNOUNCES MERGER OF VIYI
ALGORITHM INC.
AND VENUS ACQUISITION CORPORATION
* WIMI HOLOGRAM CLOUD INC - TERMS OF MERGER PROVIDE FOR A
VALUATION OF VIYI ALGO AND ITS SUBSIDIARIES AND BUSINESSES OF
$400 MILLION
* WIMI HOLOGRAM CLOUD INC - MERGER IS STRUCTURED AS A STOCK
FOR
STOCK TRANSACTION AND IS INTENDED TO QUALIFY AS A TAX-FREE
REORGANIZATION
Source text for Eikon: ID:nPn9df3YWa
Further company coverage: WIMI.O
((Reuters.Briefs@thomsonreuters.com;))
Recent news on WiMi Hologram Cloud
See all newsBrief: wimi Hologram Cloud Reports 926% Net Income Growth For First Half Of 2025
Brief: WIMI Hologram Cloud Has Increased Its Stake In Microalgo Inc To 67.65%
Brief: Wimi Hologram Cloud Announces Receipt Of Minimum Bid Price Notice From Nasdaq
Brief: WiMi Developed A Decentralized Cloud Manufacturing Model Based On Blockchain(BC)
Brief: WiMi Hologram Cloud Says Nasdaq Notified Co Has Regained Compliance With Listing Rule 5550(A)(2)