M&A
confidence high
sentiment neutral
materiality 0.75
Golden Path Acquisition enters $450M merger with MC Hologram; expects closing Q1 2022
MicroCloud Hologram Inc.
- MC Hologram valued at $450M; MC stockholders to receive ~44.5M shares, representing ~84% of combined entity.
- Merger expected to close in Q1 2022, subject to Golden Path shareholder approval and conditions including $5M net tangible assets.
- Post-closing name change to MicroCloud Hologram Inc.; board will have 5 members, 4 nominated by MC.
- Lock-up: 50% of shares restricted for 6 months or until $12.50 closing price for 20 days; remaining 50% locked 6 months.
- Issuance of 380,000 ordinary shares to Peace Asset Management as compensation for sourcing the target.