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Golden Path Acquisition Corp. (GPCO) Shareholders Approve MC Hologram Deal
by Marlena Haddad on 2022-09-09 at 4:55pm

Golden Path (NASDAQ:GPCO) announced this afternoon that its shareholders have approved its combination with holographic technology services firm MC Hologram at a special meeting held yesterday.

At the meeting, a total of 6,059,142 shares of GPCO, representing approximately 81.24% of the issued and outstanding shares of the company’s common stock, were present, constituting a quorum. Of that, 5,946,941 shares voted in favor of the business combination and only 124,002 voted against the merger.

The 8-K also disclosed that an aggregate of 2,178,172 shares of Golden Path’s ordinary shares were tendered for redemption in connection with the meeting. As a result, a total of just 37.881% has been removed from GPCO’s trust, marking the 4th best vote of the year out of 70 SPAC completion votes.

The parties did not disclose when they expect to close the deal, but it is expected to close shortly. And upon closing of the transaction, Golden Path will change its name to MicroCloud Hologram Inc.

Golden Path initially announced its $450 million deal with MC Hologram last year on September 10. MC focuses on the R&D and application of holographic technology with services such as high-precision holographic light detection and ranging solutions.


ADVISORS

  • The law firm of Becker & Poliakoff LLP is acting as legal counsel to Golden Path.
  • The law firm of DLA Piper is acting as legal counsel to MC.
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