 New York, New York, Feb. 11, 2021 GLOBE NEWSWIRE -- Venus Acquisition Corporation, a Cayman Islands company the Company announced today that it closed its initial public offering of 4,600,000 units at a price of 10.00 per unit, resulting in gross proceeds of 46,000,000. The units began trading on The Nasdaq Capital Market and trade under the ticker symbol VENAU . Each unit consists of one ordinary share of the Company, one right entitling the holder to receive one-tenth 110 of one ordinary share, and one warrant, each warrant exercisable for one-half of one ordinary share of the Company at a price of 11.50 per whole share. Once the securities comprising the units begin separate trading, the ordinary shares, rights and warrants are expected to be listed on The Nasdaq Capital Market under the symbols VENA, VENAR and VENAW, respectively. The gross proceeds reflect the exercise of the over-allotment option in full by the underwriters for an additional 600,000 units. 