Gores Holdings VII Files for $400M IPO

The Gores Group

Gores Holdings VII filed with the SEC to offer 40 million units at $10 each to raise $400 million in an IPO.

Potential targets include “industrials, technology, telecommunications, media and entertainment, business services, healthcare and consumer products,” the SPAC said in the filing. 

The SPAC is led by Chairman Alec Gores, founder and CEO of The Gores Group. His SPAC Gores IV just set a record this week for the largest-ever SPAC deal as shareholders approved a business combination with United Wholesale Mortgage.

Gores VII expects to list on the Nasdaq under GSEVU. Read more.

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