Gores Technology Partners priced its IPO of 24 million units at $10 each.
Units start trading today on the Nasdaq under GTPAU. Each consists of one share of Class A common stock and one-fifth of one warrant, with whole warrants exercisable for a share at $11.50.
Once the securities comprising the units begin separate trading, stock and warrants are expected to list under GTPA and GTPAW, respectively.
The new SPAC from the Gores Group said it plans to target a technology business in the consumer internet, enterprise software, fintech, digital health, proptech, gaming, agtech, and logistics industries. Read more.
