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Golden Path Acquisition Corp

GPCO · Nasdaq

Trust settledMicroCloud Hologram Inc. · Finished

NO ACTION REQUIRED

Nothing left to do

The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.

Cash at settlement

no closing figure

No cash-per-share figure was filed for this vehicle before it finished.

Last close

no quote on file

Daily close

Nothing left to claim

this vehicle finished

There is nothing to hand back: holders who wanted cash elected it at the vote, and the rest became shares in the buyer.

Read what happened to the cash

The floor

Trust settled

This SPAC has finished — its trust was paid out or used to close the deal, so there is nothing left to redeem

Read the reasoning behind this verdict

No price history on file yet — daily closes accumulate from the market data feed.

Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.

SpacBrain’s read

Trust settled

The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

In plain terms

What it is
A SPAC from Greenland Asset Management Corp, listed on Nasdaq in June 2021.
What it's doing now
It agreed to buy MicroCloud Hologram Inc.. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
What you should know
This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.

At a glance

Where it stands
Closed (deSPAC)
The business it bought
MicroCloud Hologram Inc. — Hologram Inc.
Industry
the deal record does not name the target's industry yet
Deal value
not stated in the filings we hold
Price vs cash at settlement
no live price on file
Cash in trust when it settled
not yet extracted into a snapshot — the filings below may state it
the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
IPO
24 June 2021
size not on file · 101.0% of each $10 unit into trust
Headquarters
100 PARK AVENUE, NEW YORK, NY, 10017
registered in the Cayman Islands
Lead underwriter
not extracted from the prospectus yet
Key officers
zhang haiyan (CEO) · Wang Maggie (Director) · Bi Belief (Director)
Listed securities
GPCO common
Cash held per sharenot filed for this window

This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.

Next date that mattersno dated event on file

Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.

Yield to redemption

Nothing left to redeem — no yield to compute.

This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.

What happened to the cash

The reasoning behind the verdict above, in the order the filings establish it.

  1. The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

What has happened, and what is coming

1 dated milestone

Every dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.

  1. 24 June 2021IPOpassed

    IPO size not on file

The deal

terms as filed

What it is buying, on what terms, and how much of the combined company new shares take from you.

The score

deterministic, from filed fields

GPCO is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.

Asymmetric return scoreNeither a price nor a cash-per-share figure is on file for this vehicle, and the score is a ratio between the two. Nothing is estimated to fill the gap.

The score is only published for names that carry both a price and a filed cash-per-share figure — 294 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.

See the names that are scored, and how

The company

from SEC filings
Read the full profile

Golden Path Acquisition Corp was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker GPCO. The company priced its initial public offering on June 24, 2021, under SEC file number 333-255297, and its SEC SIC industry code was 7370 (Services-Computer Programming, Data Processing, Etc.). The vehicle completed a business combination and no longer files as a separate entity; Form 25 was filed on September 16, 2022, under rule 17 CFR 240.12d2-2(a)(3), evidencing that the shares had come to represent other securities in substitution therefor. EDGAR now files the company's CIK, 0001841209, under the name MicroCloud Hologram Inc.

Material findings

from the full read of every filing

Every document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.

  • DEFM14A12 August 20220001829126-22-015724opens on sec.gov in a new tab

    The document states two different share counts for the same consideration: the fee table's 44,934,455 and the board letter's 44,554,455, the latter described as approximately 84.07% of post-transaction ordinary shares assuming no Golden Path shareholder redeems, excluding IPO and sponsor warrant shares, and giving effect to conversion of the Golden Path Rights into 602,050 ordinary shares. Both are recorded as printed and neither is reconciled here. The filing also discusses the HFCA Act and the PCAOB Determination announced December 16, 2021, MC's auditor being Friedman LLP.

  • PREM14A5 August 20220001829126-22-015334opens on sec.gov in a new tab

    Two share counts sit in one document and only one is consideration. The fee table's 44,934,455 exceeds the 44,554,455 shares the body says MC's shareholders receive; the difference is the 380,000 shares issued to Peace Asset Management as compensation for sourcing MC, a finder's allocation folded into the registered amount. The stated 84.07% ownership assumes no redemptions, excludes shares underlying IPO warrants and warrants for 135,250 sponsor shares, and reflects rights converting into 602,050 ordinary shares. The fee was previously paid on the Form S-4 filed September 30, 2021.

  • S-4/A8 July 20220001829126-22-014203opens on sec.gov in a new tab

    The two share counts in this document do not agree, and both are quoted here as printed rather than reconciled. The stated 84.07% post-transaction ownership rests on four assumptions the filing sets out: no Golden Path shareholder redeems; the IPO warrants and 135,250 sponsor warrants are excluded; Golden Path Rights convert into 602,050 ordinary shares; and 380,000 ordinary shares are issued to Peace Asset Management as compensation for sourcing MC. A finder's fee paid in stock of the combined company is itself worth noting.

  • S-4/A22 June 20220001829126-22-013749opens on sec.gov in a new tab

    The cover registers 44,934,455 ordinary shares while the board's description gives MC's shareholders an aggregate of 44,554,455 ordinary shares, about 84.07% of post-transaction shares outstanding, on stated assumptions: no redemptions, warrants excluded, 602,050 shares issued on conversion of the Golden Path Rights, and a further 380,000 ordinary shares issued to Peace Asset Management as compensation for sourcing MC. Both counts are recorded as printed. Stock paid to a finder is real dilution that no merger-consideration figure will show.

  • S-4/A9 May 20220001829126-22-010075opens on sec.gov in a new tab

    The registered block is almost the whole company: 44,554,455 shares go to MC's shareholders, stated as approximately 84.07% of Golden Path's post transaction ordinary shares outstanding, and a further 380,000 go to Peace Asset Management Ltd. under a finder agreement. Those shares are freely transferable by virtue of this registration statement, but 41,934,455 of them are subject to contractual lock-up agreements, so the free float at closing is far smaller than the registered count suggests. The table states no fee rate.

  • S-4/A10 March 20220001829126-22-005847opens on sec.gov in a new tab

    The registered total is not all merger consideration. The explanatory note splits it into 44,554,455 ordinary shares to MC Hologram's shareholders — approximately 84.07% of Golden Path's post-transaction shares outstanding — and 380,000 ordinary shares issued to Peace Asset Management Ltd. under a finder agreement, a fee paid in registered stock rather than cash. All are freely transferable by virtue of this registration statement, except that lock-up agreements prohibit the sale, transfer or assignment of 41,934,455 of them.

Show 3 more material filings
  • S-4/A7 February 20220001829126-22-003069opens on sec.gov in a new tab

    Because the registered amount has not moved, whatever this amendment changes lies inside the document and the fee table gives a reader no signal of it. The explanatory note remains the only place the split is stated: 44,554,455 shares to MC Hologram's shareholders, approximately 84.07% of Golden Path's post-transaction ordinary shares outstanding, and 380,000 to Peace Asset Management Ltd. under a finder agreement, with lock-up agreements covering 41,934,455 of those shares.

  • S-4/A3 January 20220001829126-21-017394opens on sec.gov in a new tab

    The explanatory note states plainly what the fee table does not: 44,554,455 of those shares go to MC Hologram's shareholders, approximately 84.07% of Golden Path's post-transaction ordinary shares outstanding, and a further 380,000 go to Peace Asset Management Ltd. under a finder agreement. Existing public holders are therefore left with a small minority of the company. All of the shares are freely transferable under the Securities Act by virtue of this registration statement, subject to lock-up agreements covering 41,934,455 of them.

  • S-430 September 20210001829126-21-010922opens on sec.gov in a new tab

    The explanatory note states the outcome plainly: 44,554,455 ordinary shares go to MC Hologram's shareholders, approximately 84.07% of Golden Path's post-transaction ordinary shares issued and outstanding, so the SPAC's own holders keep a small minority of the company. A further 380,000 ordinary shares go to Peace Asset Management Ltd. under a finder agreement. All shares issued to the MC shareholders and to the finder are stated to be freely transferable without restriction or further registration.

Filings

live EDGAR feed

Everything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.

Show the other 10 filings

The record

The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.

Show the reference detail

Unit structure

Cash in trust at IPO$10.10

Unit: U = S + W/2 + R/10 · 101.0% of the $10 unit

from 424B4 0001104659-21-085634

Trading & liquidity

Average daily volume (20d)no volume reported on the bars we hold
Average daily $ volumeneeds both volume and a live price
Range over the bars heldnot enough price history
Total cash in trustthe trust total is not in the last XBRL stamp

Company profile

Industry (SIC)Services-Computer Programming, Data Processing, Etc. (7370)
Registered inthe Cayman Islands
Exchange · CIKNasdaq · 0001841209

All filings on EDGARopens on sec.gov in a new tab

Directors & officers

Institutional holders

from SC 13G/13D

Funds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.

Show the declared stakes

15 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.

One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.

News

company wires and the financial press

Reporting we have matched to this ticker. Headlines belong to the outlets that wrote them.

Show the headlines

Sources on file

harvested pages, kept in full

Every public page we have read about this company, stored in full so a source can never go missing.

Show the sources

35 full SEC filing texts archived — searchable, never lost.

In plain English

tap a term to open it

Every piece of jargon this page could have used, and what it actually means.

Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected

A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.

Redemption deadlinethe last day to hand shares back for cash

Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.

Broker action datethe day your broker needs the instruction — earlier than the official date

Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.

Cash in trust / trust per sharethe cash the company is holding for each public share

Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.

Trust discountbuying below the cash held for you

Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.

Dilutionhow much of the company new shares take from you

Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.

Pro-forma equitywhat the company is valued at once the deal closes

The combined company's equity value assuming the announced terms and the redemptions that have actually happened.

ARShow much upside you get per unit of downside

SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.

De-SPACthe day the SPAC becomes the real company

The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.

Outside datethe contractual long-stop for closing the deal

A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.

Accession numberthe SEC's unique id for one filing

Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.

Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since

A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.

Ask the brain

from its filings
Data provenance & audit trail3 internal entries

Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.

GPCO — company record
UNIVERSE-IPO-INDEX2026-08-17

admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 7370 (Services-Computer Programming, Data Processing, Etc.). The screen found it by filing SHAPE instead — S-1 2021-04-16 → 8-A12B 2021-06-21 → 424B4 2021-06-24 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 7370 + self-described blank check in 424B4 0001104659-21-084749; 424B 0001104659-21-084749 priced 2021-06-24 under S-1 0001104659-21-051350 (file 333-255297, an offering for cash); common ticker GPCO off 10-Q 0001829126-22-015807 (2022-08-15); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-255297, which belongs to S-1 0001104659-21-051350 (2021-04-16) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2021-06-24). Ending PROVEN, not inferred: CLOSED per Form 25 0001354457-22-000530 (2022-09-16) — Form 25 filed under 17 CFR 240.12d2-2(a)(3) — the rule for securities that "have come to evidence other securities in substitution therefor", i.e. the shares became the successor's (class: Rights). EDGAR now files this CIK as "MicroCloud Hologram Inc." — the SPAC's own name is kept here and the successor is the target. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.

SPONSOR-ID2026-08-14

sponsor "Greenland Asset Management Corp" (SEC CIK 0001735883) sourced from Form 3 reportingOwner (10% owner) acc 0001829126-21-006004.

Deal — MicroCloud Hologram Inc.
UNTAGGED

[CLOSED-RENAME] EDGAR CIK 0001841209 records "Golden Path Acquisition Corp" ending 2022-09-16; the registrant continues as "MicroCloud Hologram Inc.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2022-09-16. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists.

Also listed inSPACs with rightsSPACs with warrants
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