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.
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...
Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...