M&A
confidence high
sentiment neutral
materiality 0.75
MicroCloud Hologram completes de-SPAC merger; begins trading as HOLO on Nasdaq
MicroCloud Hologram Inc.
- Golden Path Acquisition merged with MC Hologram; MC survives as wholly-owned subsidiary.
- MicroCloud issued 44,554,455 ordinary shares to MC shareholders; total outstanding 50,812,035 shares.
- 6,020,500 warrants outstanding; shares and warrants trade as HOLO and HOLOW on Nasdaq.
- 50% of MC shareholders' shares locked up for 6 months or until $12.50 close trigger; 3M shares free.
- Pre-Closing Golden Path shareholders hold 11.57% of combined company; change in control occurred.