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.
