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New Deal


Announced

MC Hologram to go public via a SPAC merger with Golden Path Acquisition in a $450m deal.

Financials

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Transaction Value£391m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Software

Single Bidder

Friendly

Pending

China

holographic technologies

Private

Cross Border

Majority

Reverse Takeover

Acquisition

De-SPAC

Synopsis

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MC Hologram, a holographic technologies services provider, agreed to go public via a SPAC merger with Golden Path Acquisition, a blank cheque company, in a $450m deal. Upon closing of the transaction, Golden Path will change its name to MicroCloud Hologram. Pursuant to the terms of the proposed merger, the post-closing Board of Directors will consist of 5 members, four of whom will be nominated by MC. In order to continue to satisfy Nasdaq Stock Market listing standards, at least 3 of the members will be independent in accordance with Nasdaq listing rules.

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