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VENUS ACQUISITION CORPORATION Announces Pricing of $40 Million Initial Public Offering

NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Venus Acquisition Corporation, a Cayman Island company (NASDAQ: VENAU) announced today that it priced its initial public offering of 4,000,000 units at $10.00 per unit.The Company's units are expected to be listed on NASDAQ ("NASDAQ") and trade under the ticker symbol "VENAU" beginning Tuesday, February 9, 2021. Each unit consists of one ordinary share, one right to receive one-tenth (1/10) of an ordinary share and one redeemable warrant to acquire one-half an ordinary share at an exercise price of $11.50 for each whole share. The underlying securities are not trading separately.A  Once the securities comprising the units begin separate trading, the shares, rights, and warrants are expected to be listed on NASDAQ under the symbols "VENA," "VENAR" and "VENAW," respectively.Ladenburg Thalmann & Co. Inc. is acting as the lead left bookrunner and the representative of the underwriters in the offering and Brookline Capital Markets, a division of Arcadia Securities, LLC is a joint bookrunner. The underwriters have been granted a 30-day option to purchase up to an additional 600,000 units offered by the Company to cover over-allotments, if any.The offering is expected to close on Thursday, February 11, 2021 subject to customary closing conditions.About Venus Acquisition Corporation
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