Gores Holdings VIII closed its IPO of 34.5 million units, which includes 4.5 million units issued pursuant to the full exercise by the underwriter of its over-allotment option. The offering was priced at $10 per unit.
Units trade on the Nasdaq under GIIXU. Each consists of one share of Class A common stock and one-eighth of one warrant, each whole warrant exercisable for one share of the Company’s Class A common stock at a price of $11.50. Once the securities comprising the units begin separate trading, stock and warrants are expected to list under GIIX and GIIXW, respectively.
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