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The Gores Group's seventh SPAC Gores Holdings VII prices upsized $480 million IPO
Gores Holdings VII, the seventh blank check company formed by The Gores Group, raised $480 million by offering 48 million units at $10. The company offered 8 million more units than anticipated. Each unit consists of one share of common stock and one-eighth of a warrant, exercisable at $11.50. The company is led by Chairman Alec Gores, founder and CEO...read more
The Gores Group's seventh SPAC Gores Holdings VII files for a $400 million IPO
Gores Holdings VII, the seventh blank check company formed by The Gores Group, filed on Wednesday with the SEC to raise up to $400 million in an initial public offering. The Boulder, CO-based company plans to raise $400 million by offering 40 million units at $10. Each unit consists of one share of common stock and one-eighth of a warrant, exercisable at $11.50. At the proposed...read more