Communication Services

WiMi Hologram Cloud Inc. (WIMI US)

Year: 2021

Chinese holographic services advertising provider WiMi Hologram listed on the NASDAQ in April 2020. In September 2021, it was targeted by short-seller Swan Street Capital which alleged that it had made questionable investments with the IPO proceeds, had misrepresented its technology and was a stock promote. Given that the report failed to prompt any auditor and/or management resignations, the allegations remain unproven.

Last updated August 2022.

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