Gores Technology Partners closed its IPO of 27.5 million units, including 3.5 million units issued pursuant to the partial exercise by the underwriter of its over-allotment option.
Units trade on the Nasdaq under GTPAU. Each consists of one share of Class A common stock and one-fifth of one warrant. Whole warrants are exercisable for a share at $11.50. Once the securities comprising the units begin separate trading, stock and warrants are expected to list on the Nasdaq 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.
