Gores Holdings, Inc. Completes $375 Million Initial Public Offering
19 Agosto 2015 - 3:29PM
Business Wire
Gores Holdings, Inc. (the “Company”), a blank check company
formed for the purpose of entering into a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses, today
announced the closing of its initial public offering of 37,500,000
units, which includes 2,500,000 units issued pursuant to the
partial exercise by the underwriters of their over-allotment
option. The offering was priced at $10.00 per unit, resulting in
gross proceeds of $375,000,000, before deducting underwriting
discounts and commissions and other offering expenses payable by
the Company.
The Company’s units began trading on the NASDAQ Capital Market
under the ticker symbol “GRSHU” on August 14, 2015. Each unit
consists of one share of the Company’s Class A common stock and one
warrant. Each warrant will entitle the holder thereof to purchase
one-half of one share of the Company’s Class A common stock at a
price of $5.75 per half share. Once the securities comprising the
units begin separate trading, the Class A common stock and warrants
are expected to be listed on the NASDAQ Capital Market under the
ticker symbols “GRSH” and “GRSHW,” respectively.
Deutsche Bank Securities Inc. is serving as the sole bookrunner
for the offering.
The offering was made only by means of a prospectus, copies of
which may be obtained from Deutsche Bank Securities Inc., 60 Wall
Street, New York, NY 10005-2836, Attention: Prospectus Group,
Telephone: (800) 503-4611, Email: prospectus.cpdg@db.com.
A registration statement relating to the securities has been
declared effective by the SEC on August 13, 2015. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
This press release contains statements that constitute
"forward-looking statements," including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement and preliminary prospectus for the Company's offering
filed with the Securities and Exchange Commission ("SEC"). Copies
are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
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Sitrick And CompanyTerry Fahn, (310) 788-2850
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