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

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.