Gores Technology Partners II closed its IPO of 46 million units, including 6 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 GTPBU. Each consists of one share of Class A common stock and one-fifth of one warrant. Each whole warrant entitles the holder to purchase one share of Class A common stock at $11.50. Once the securities comprising the units begin separate trading, stock and warrants are expected to list under GTPB and GTPBW, respectively.
The SPAC said it would “search for a target technology business in the consumer internet, enterprise software, fintech, digital health, proptech, gaming, agtech, and logistics industries.” Read more.
