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Announced

Completed

WiMi Hologram Cloud-backed VIYI Algorithm went public via a SPAC merger with Venus Acquisition in a $400m deal.

Financials

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Transaction Value£282m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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recognition algorithms

Computer Hardware

Acquisition

Reverse Takeover

Cross Border

Single Bidder

Majority

De-SPAC

software services

Cayman Islands

Private

Friendly

Completed

Synopsis

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WiMi Hologram Cloud-backed VIYI Algorithm, a company engaged in development and application of bespoke central processing algorithms, went public via a SPAC merger with Venus Acquisition in a $400m deal. In the mid-to-long term, VIYI Algo continues to adhere to its strategic mindset. By improving upon each iteration of VIYI Algo's one-stop intelligent data management solutions made possible by its proprietary central processing algorithm services, VIYI Algo can help customers to enhance their service efficiency and make model innovations in business, and actively enhance the industry value of the central processing algorithm services in the general field of data intelligent processing industry.

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