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gores
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Gores Holdings IX Hit Hard by Redemptions as Shareholders Approve 11-Month Extension
Gores IX originally raised $525 million in an IPO two years ago.
Polestar Investors Sue Billionaire Gores on EV Maker’s SPAC Deal
Polestar shares opened at $12.98 in the EV maker's Nasdaq debut more than a year ago. As of mid-afternoon today, the stock was trading at $3.74.
Billionaire Gores Sued Over United Wholesale Mortgage SPAC Deal
Gores IV shareholders voted in January 2021 to merge with the mortgage company. With a transaction value of $16.1 billion, it was the largest SPAC merger up to that point.
Footprint and Gores Holdings VIII Call Off Merger Agreement
Gores VIII in September had announced that developing market conditions prompted it to lower the estimated pro forma enterprise value of Footprint to $1 billion, down from $1.6 billion.
Alec Gores Aims to Shutter Trio of SPACs Early
Gores Holdings VII, the largest of the three, raised $550 million in February 2021, while Gores Technology Partners II pulled in $460 million and Gores Technology Partners gathered $275 million in March 2021. The SPACs plan to get shareholder approval to accelerate their liquidation sometime in December.
Gores Holdings X Withdraws $725M IPO
Gores X had planned to leverage management’s experience in industrials, technology, telecommunications, media and entertainment, business services, healthcare and consumer products for a potential acquisition.
Gores VIII Tweaks Footprint Deal, Adds Capital, Lowers Valuation
Gores Holdings VIII today announced that in light of developing market conditions, it has agreed with merger partner Footprint to lower the estimated pro forma enterprise value to $1 billion, down from $1.6 billion.
Polestar and Gores Guggenheim Close Merger Following Shareholder Approval
Share redemptions ahead of the vote amounted to about 20% of the outstanding Gores stock.
Gores Guggenheim Announces ‘Limited’ Redemptions Ahead of Shareholder Vote on Mammoth Polestar Deal
The transaction is expected to raise at least $850 million in gross proceeds though a combination of a fully committed PIPE and cash held in trust.
Gores Guggenheim Vote on $20B Polestar Megadeal Coming up Next Week
If approved, the business combination would be the largest SPAC deal to-date.