Gores Guggenheim priced its iIPO of 75 million units at $10 each.
Units begin trading on the Nasdaq today under GGPIU. Each consists of one share of Class A common stock and one-fifth of one warrant. Each whole warrant entitles the holder to purchase a share at $11.50. Once the securities comprising the units begin separate trading, stock and warrants are expected to list under GGPI and GGPIW, respectively.
The SPAC’s potential targets may include companies in industrials, technology, telecommunications, media and entertainment, business services, healthcare, financial services and consumer products. Read more.
