Gores Holdings IX Prices $525M IPO

Gores Holdings IX priced its initial public offering of 52.5 million units at $10 each, with a unit consisting of one share and one-fifth of a warrant. The sponsor has committed to purchasing more than 7 million warrants at $2 each, while the initial stockholders own 15.1 million shares of Class F common stock.

The latest SPAC from Chairman Alec Gores plans to leverage management’s experience in industrials, technology, telecommunications, media and entertainment, business services, healthcare and consumer products for a potential acquisition. 

 Deutsche Bank and Goldman Sachs are co-managing the offering.

The SPAC’s units will trade on the Nasdaq under the symbol GHIXU. Read more

Total
0
Shares
Related Posts
IPO
Read More

Parabellum Acquisition Prices $125M IPO

Parabellum intends to focus on businesses with an enterprise value of $300 million to $1 billion that have unique technologies and business models, and are actively engaged in the Internet of Things.