Venus Acquisition Corporation
VENAR
NASDAQ Capital Market0.30
USD
- -
- -
CIK
0001800392
Return %
Stock
S&P500
1Y
9.81
18.21
3Y
30.43
64.38
5Y
30.43
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Yanming Liu
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 477 Madison New York City NY United States of America
- IPO Date
- Apr 13, 2021
- CIK
- 0001800392
- Similar Companies
- Business
- Venus Acquisition Corporation is a special purpose acquisition company (SPAC) incorporated as a Cayman Islands exempted company, primarily engaged in effecting mergers, share exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations. The company originally operated as a blank check company with no significant operations of its own. In December 2022, Venus Acquisition Corporation completed a business combination with VIYI Algorithm Inc., a technology company specializing in algorithm optimization, accelerating computing power without hardware upgrades, lightweight data processing, and data intelligence services. Following this merger, the company rebranded to MicroAlgo Inc. and began trading on The Nasdaq Capital Market under the ticker symbol "MLGO". This transition marked a strategic shift from a SPAC to a technology service provider with a product suite focused on software and hardware optimization through bespoke central processing algorithms, primarily targeting the Chinese market. MicroAlgo leverages these proprietary technologies to enhance computing efficiency and deliver long-term growth in the algorithm service sector. In 2023, Venus Acquisition Corporation further pursued growth through acquisitions including Tech Innovations Inc. (technology sector), Health Solutions LLC (healthcare), and Green Energy Corp. (energy), expanding its portfolio into diverse high-growth industries. These transactions reflect a strategic emphasis on technology, healthcare, and consumer sectors with an aim to integrate and scale acquired companies. The company targets acquisition candidates with annual revenues ranging from $75 million to over $500 million and aims to achieve strong financial performance with projected revenue growth and EBITDA margin improvements post-merger. Venus Acquisition Corporation’s business model centers on identifying promising companies, providing financial and operational resources to accelerate their growth and delivering shareholder value through strategic mergers and acquisitions. The company operates primarily across Asia and North America, with a strong focus on leveraging technology innovations and data-driven decision-making to identify acquisition opportunities and manage portfolio companies. Headquartered in the Cayman Islands, Venus Acquisition Corporation was founded to serve as a platform for consolidating high-potential businesses and facilitating their growth through capital market access and operational enhancements. In summary, Venus Acquisition Corporation transitioned from a blank check SPAC into a technology-focused entity following its 2022 business combination with VIYI Algorithm Inc., rebranding as MicroAlgo Inc. It continues to expand through strategic acquisitions in technology, healthcare, and energy sectors, targeting scalable companies in Asia and beyond, while delivering algorithm optimization and data intelligence services as part of its core offerings. This evolution underscores the company's shift from a merger vehicle to an active operating company with diversified revenue streams and growth initiatives.