Gores Holdings VII offered 8 million more units than originally anticipated to upsize its IPO by 20 percent to $480 million. The SPAC last month filed to offer 40 million units for a $400 million raise.
The SPAC’s targets include “industrials, technology, telecommunications, media and entertainment, business services, healthcare and consumer products.”
This is the seventh SPAC launched by Chairman Alec Gores, founder and CEO of The Gores Group. His SPAC Gores IV set a record last month for the largest-ever SPAC deal as shareholders approved a business combination with United Wholesale Mortgage.
Gores VII trades on the Nasdaq under GSEVU. Read more.
