Gores Holdings VIII priced its IPO of 30 million units at $10 each. This is the sponsor’s second blank-check IPO in two days.
Units begin trading on the Nasdaq today under GIIXU. Each consists of one share of Class A common stock and one-eighth of one warrant. Each whole warrant is exercisable at $11.50 per share. Once the securities comprising the units begin separate trading, stock and warrants are expected to list under GIIX and GIIXW, respectively.
The SPAC’s potential targets include companies in industrials, technology, telecom, media and entertainment, business services, healthcare, and consumer products.
Chairman Alec Gores’ seventh SPAC priced a $480 million IPO earlier this week.
Gores IV set a record last month for the largest-ever SPAC deal as shareholders approved a business combination with United Wholesale Mortgage. Read more.
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