Venus Acquisition Corp
Completed 2022-12-09- CIK 1800392
- VENA
- Now MLGO
- IPO 2021-02-10
- $48.1M trust
- 197 filings
Successfully merged with VIYI Algorithm Inc. • Now trading as MLGO
- IPO Size
- $46M
- raised at the IPO
- Trust
- $48.1M
- as of 2022-09-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2021
- year it listed
Filings, by quarter
197 filings over 27 quarters; violet bars carry a milestone
- 20 Q1: 2 filings
- 20 Q2: 0 filings
- 20 Q3: 0 filings
- 20 Q4: 3 filings
- 21 Q1: 24 filings
- 21 Q2: 7 filings
- 21 Q3: 8 filings
- 21 Q4: 6 filings
- 22 Q1: 18 filings
- 22 Q2: 8 filings
- 22 Q3: 26 filings
- 22 Q4: 15 filings
- 23 Q1: 17 filings
- 23 Q2: 1 filing
- 23 Q3: 3 filings
- 23 Q4: 4 filings
- 24 Q1: 9 filings
- 24 Q2: 5 filings
- 24 Q3: 4 filings
- 24 Q4: 17 filings
- 25 Q1: 1 filing
- 25 Q2: 9 filings
- 25 Q3: 3 filings
- 25 Q4: 2 filings
- 26 Q1: 0 filings
- 26 Q2: 4 filings
- 26 Q3: 1 filing
- S-1 filed 20 Q1
- IPO 21 Q1
- Definitive agreement 22 Q3
- Completed 22 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Venus Acquisition Corporation is a blank-check company seeking a business combination, intending to provide it access to U.S. capital markets. It focuses on middle-market growth businesses strategically significant to Asian markets, while retaining flexibility to consider other targets.
Investment Focus
Technology, FinTech, Renewable Energy, Healthcare, Consumer, Retail, Energy, Natural Resources, Food & Beverage, Manufacturing, Education
Geographic Focus
Asia
Key Information
As the filings state it
- IPO Date
- 2021-02-10
- Total Redemptions
- $26.3M
- PIPE
- $15M
- Jurisdiction of Incorporation
- Cayman Islands
- SIC
- 6770
- Completion Date
- 2022-12-09
- Merger Target
- VIYI Algorithm Inc.
- SPAC Ticker
- VENA
- Merged Ticker
- MLGO
Stock Performance
MLGOTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2021-04-13 | $9.71 | |
| At Merger | 2022-12-12 | $10.47 | +8% |
| 6 Months Post-Merger | 2023-06-12 | $2.59 | -75% |
| 1 Year Post-Merger | 2023-12-11 | $1.81 | -83% |
| 2 Years Post-Merger | 2024-12-09 | $0.17 | -98% |
| Current Price | 2026-10-14 | $2.74 | -72% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The management team comprises experienced professionals and senior operating executives with decades of experience in mergers and acquisitions and operating companies in Asia. Yanming Liu and River Chi and directors Shan Cui and Yu Chen previously served with Greenland Acquisition Corporation, a SPAC that acquired Zhongchai in 2019.