Gores Holdings III, Inc. Completes $400 Million Initial Public Offering
11 Septiembre 2018 - 9:45AM
Business Wire
Gores Holdings III, Inc. (the “Company”), a blank check company
sponsored by an affiliate of The Gores Group, LLC, a global
investment firm founded in 1987 by Alec Gores, and 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 40,000,000 units, which
includes 2,500,000 units issued pursuant to the partial exercise by
the underwriter of its over-allotment option. The offering was
priced at $10.00 per unit, resulting in gross proceeds of
$400,000,000, 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 September 7, 2018. Each unit
consists of one share of the Company’s Class A common stock and
one-third of one warrant. Each whole warrant will entitle the
holder thereof to purchase one share of the Company’s Class A
common stock at a price of $11.50 per 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 underwriter 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 Securities and Exchange Commission (the
“SEC”) on September 6, 2018. 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 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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version on businesswire.com: https://www.businesswire.com/news/home/20180911005535/en/
The Gores GroupJennifer Kwon Chou(310) 209-3010orSitrick And
CompanyTerry Fahn(310) 788-2850
Gores Holdings III (NASDAQ:GRSHU)
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