Golden Path Files Prelim Proxy on MC Hologram Deal

Golden Path Acquisition filed an S-4 outlining its merger deal with MC Hologram, a China-based company engaged in hologram technology.

If approved, the new company will be named MicroCloud Hologram.

The merger is structured as a stock-for-stock transaction and is intended to qualify as a tax-free reorganization.

Terms provide for a valuation of MC and its subsidiaries and businesses of $450 million. Based upon a per share value of $10.10 per share, MC stockholders will receive approximately 44,554,455 ordinary shares of Golden Path which will represent approximately 84.07% of the combined outstanding shares following the closing, assuming no redemptions by the Golden Path stockholders and assuming conversion of all Golden Path outstanding rights into 602,050 ordinary shares. Read more.

Related Posts