MicroCloud Hologram Inc. Secures $28M in Convertible Notes
Ticker: HOLOW · Form: 6-K · Filed: Jul 10, 2024 · CIK: 1841209
Sentiment: neutral
Topics: financing, convertible-debt
TL;DR
MicroCloud Hologram just raised $28M via convertible notes, watch for dilution!
AI Summary
On July 8, 2024, MicroCloud Hologram Inc. entered into Convertible Note Purchase Agreements to issue unsecured convertible promissory notes totaling $28,000,000 to certain investors. This filing is a report of a foreign private issuer for the month of July 2024.
Why It Matters
The company is raising capital through convertible notes, which could impact its future equity structure and financial obligations.
Risk Assessment
Risk Level: medium — Issuing convertible notes can lead to future dilution for existing shareholders if converted into equity.
Key Numbers
- $28.0M — Convertible Notes (Aggregate principal amount raised from investors on July 8, 2024.)
Key Players & Entities
- MicroCloud Hologram Inc. (company) — Registrant
- July 8, 2024 (date) — Date of Convertible Note Purchase Agreements
- $28,000,000 (dollar_amount) — Aggregate principal amount of convertible notes
- Golden Path Acquisition Corp (company) — Former company name
FAQ
What is the aggregate principal amount of the convertible notes issued?
The aggregate original principal amount of the Notes is $28,000,000.
When were the Convertible Note Purchase Agreements entered into?
The Company entered into the Convertible Note Purchase Agreements on July 8, 2024.
Are the convertible notes secured or unsecured?
The Notes are unsecured.
What is the filing type and period?
This is a Form 6-K report for the month of July 2024.
What was the company's former name?
The company's former name was Golden Path Acquisition Corp.
Filing Stats: 651 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2024-07-10 06:30:12
Key Financial Figures
- $28,000,000 — aggregate original principal amount of $28,000,000 (the “Notes”). The Notes a
- $2,240,000 — an aggregate original issue discount of $2,240,000. The Company bore the costs and other t
Filing Documents
- microcloud_6k.htm (6-K) — 15KB
- microcloud_ex5-1.htm (EX-5.1) — 29KB
- microcloud_ex99-1.htm (EX-99.1) — 59KB
- microcloud_ex99-2.htm (EX-99.2) — 30KB
- ex5-1_001.jpg (GRAPHIC) — 5KB
- ex5-1_002.jpg (GRAPHIC) — 35KB
- ex5-1_003.jpg (GRAPHIC) — 10KB
- 0001829126-24-004677.txt ( ) — 203KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MicroCloud Hologram Inc. By: /s/ Guohui Kang Name: Guohui Kang Title: Chief Executive Officer Date: July 10, 2024 2 EXHIBIT INDEX Exhibit No. Description 5.1 Opinion of Maples & Calder (Hong Kong) LLP 99.1 Form of Convertible Note Purchase Agreement 99.2 Form of Convertible Promissory Note 3