Gores Metropoulos IIclosed its IPO of 45 million units, including 5 million units issued pursuant to the full exercise by the underwriters of their over-allotment option. The offering was priced at $10 per unit, resulting in gross proceeds of $450 million before deducting underwriting discounts and commissions and other offering expenses.
The SPAC intends to target a business in the consumer products and services industry. Read more.
