Item 1.01 Entry into a Material Definitive Agreement
Lock-up Agreements
In connection with the Closing, the Company entered into Lock-Up Agreements with
each MC shareholder and
In addition, the parties agreed that of the total 44,554,455 ordinary shares issued in the Business Combination to the MC shareholders, 3,000,000 ordinary shares will be free of any lock-up restrictions.
The foregoing description of the Lock-up Agreement is not complete and is subject to and qualified in its entirety by reference to the full text of the Lock-up Agreement, a copy of which is filed as Exhibit 10.1 hereto and the terms of which are incorporated by reference herein.
Indemnification of Directors and Officers
In connection with the Closing, the Company entered into separate Indemnification Agreements with its directors and executive officers. These agreements, among other things, require the Company to indemnify its directors and executive officers for certain liabilities and expenses, reasonable attorneys' fees and all other direct or indirect costs, expenses and obligations, including judgments, fines, penalties, interest, appeal bonds, amounts paid in settlement with the approval of the Company, counsel fees and disbursements (including, without limitation, experts' fees, court costs, retainers, appeal bond premiums, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) and other fees (including, among others, witness fees, travel expenses and fees of private investigators and professional advisors, actually paid or incurred in connection with investigating, prosecuting, defending, being a witness in or . . .
Item 2.01 Completion of Acquisition or Disposition of Assets
The disclosure set forth in the "Introductory Note" above is incorporated into this Item 2.01 by reference.
FORM 10 INFORMATION
Prior to the Closing, the Company was a shell company (as defined in Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") with no operations and formed as a vehicle to effectuate a business combination with one or more operating businesses. After the Closing, the Company became a holding company whose only assets consist of equity interests in MC.
Item 2.01(f) of the Current Report on Form 8-K states that if the predecessor
registrant was a shell company, as
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this Current Report on Form 8-K and in documents incorporated herein by reference include "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target", "may", "intend", "predict", "should", "would", "predict", "potential", "seem", "future", "outlook" or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the Company's expectations with respect to future performance and anticipated financial impacts of the business combination. These statements are based on various assumptions, whether or not identified herein, and on the current expectations of the Company's, management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, . . .
Item 3.01 - Transfer of Listing
The information set forth in the sections entitled "Market Information and Holders" in Item 2.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 3.02 - Unregistered Sales of
The disclosure set forth in the "Introductory Note" of this Current Report on Form 8-K is incorporated herein by reference.
The securities issued to MC shareholders in connection with the Closing and the
ordinary shares issued to
Item 3.03 Material Modification to Rights of Security Holders.
In connection with the Business Combination, on
The foregoing description of the MAOA is not complete and is subject to and qualified in its entirety by reference to the MAOA, copies of which are attached hereto as Exhibits 3.1 and the terms of which are incorporated by reference herein.
Item 5.01 Change in Control of the Registrant.
The information set forth in the section entitled "Introductory Note" and in the section entitled "Beneficial Ownership of Securities" in Item 2.01 of this Current Report on Form 8-K is incorporated herein by reference.
As a result of the completion of the Business Combination pursuant to the Merger
Agreement, a change of control of
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The information set forth in the sections entitled "Directors and Executive Officers" and "Certain Relationships and Related Transactions" in Item 2.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 5.03 Amendments to Articles of Incorporation.
At the Extraordinary General Meeting,
The Amended and Restated Articles of Association (the "Amended Articles of
Association"), which became effective upon filing with the
A copy of the Amended Articles of Association is attached hereto as Exhibit 3.1 and is incorporated herein by reference.
The description of the Amended Articles of Association and its general effect
upon the rights of the Company's security holders are included in the Proxy
Statement under the section titled "Description of New
Item 5.06 Change in Shell Company Status.
As a result of the Business Combination, the Company ceased being a shell company. The material terms of the Business Combination are described in the section entitled "Proposal No. 1 - The Business Combination Proposal" beginning on page 78 of the Proxy Statement, which is incorporated herein by reference. Further, the information set forth in the "Introductory Note" and under Item 2.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 7.01 Regulation FD Disclosure.
On
The information in this Item 7.01, including Exhibit 99.1, is furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act or the Exchange Act, regardless of any general incorporation language in such filings.
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Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(a) Financial statements of businesses acquired
The historical audited financial statements of MC and its subsidiaries as of and
for the years ended
The unaudited condensed financial statements of MC as of and for the six months
ended
(b) Pro forma financial information.
The unaudited pro forma condensed combined financial information of
(c) Exhibits. Item Description 2.1 Business combination and Merger Agreement dated as ofSeptember 10, 2021 by and amongMC Hologram, Inc. , Golden Path Acquisition Corporation andGolden Path Merger Sub Corporation previously filed as an exhibit to Registrant's Current Report on Form 8-K as filed with theSEC onSeptember 19, 2022 . 2.2 First Amendment to the Business Combination and Merger Agreement dated as ofAugust 5, 2022 2.3 Second Amendment to the Business Combination and Merger Agreement dated as ofAugust 10, 2022 3.1MicroCloud Hologram Inc. Amended and Restated Articles of Incorporation 4.1 Specimen Ordinary Share Certificate 4.2 Specimen Warrant Certificate 4.3 Warrant Agreement betweenVStock Transfer LLC and Golden Path Acquisition Corporation 10.1 Form of Lock-Up Agreement 10.2 Form of Indemnification Agreement 10.3 Form of Registration Rights Agreement 10.4 Form of Non-Competition and Non-Solicitation Agreements 21.1 List of Subsidiaries 99.1 Press Release datedSeptember 16, 2022 99.2 Unaudited Condensed Consolidated Financial Statements of MC as of and for the six months endedJune 30, 2021 and 2022 99.3 Pro Forma Financial Information ofMicroCloud Hologram Inc. 9
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