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Golden Path Acquisition Corporation (NASDAQ: GPCO) has successfully completed its business combination with MC Hologram Inc., now transitioning to operate as MicroCloud Hologram Inc. The merger allows MC to become a wholly owned subsidiary of Golden Path. Starting September 19, 2022, the company's shares and warrants will trade under new ticker symbols 'HOLO' and 'HOLOW', respectively. The merger aims to enhance research and development in holographic technology and broaden market reach, providing advanced holographic services and digital twin technology to global customers.
Golden Path Acquisition Corporation (GPCO) announced an extension of one month to complete a business combination, now due by July 24, 2022. The Company’s sponsor, Greenland Asset Management Corporation, has deposited $191,667 into the Trust Account, equivalent to $0.033 per public share. This extension could occur up to eight additional times, with a total potential investment of $1,533,333. The aim is to successfully pursue acquisition opportunities, particularly in connection with the Asian market.
Golden Path Acquisition Corporation (Nasdaq: GPCO) and MC Hologram Inc. have announced a definitive merger agreement. The transaction values MC at $450 million, allowing MC stockholders to receive approximately 44.55 million ordinary shares of Golden Path, representing 84.07% of the combined shares post-merger. Golden Path will be renamed MicroCloud Hologram Inc. The merger is expected to close by the end of the first quarter of 2022, pending shareholder approvals and compliance with Nasdaq listing standards.
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