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Gores Holdings V, Inc. (GRSVU) Prices Upsized $475M IPO


Gores Holdings V, Inc. (GRSVU) Prices Upsized $475M IPO

Gores Holdings V, Inc. (GRSVU), announced the pricing of their upsized $475 million SPAC IPO this evening and the units are expected to begin trading tomorrow, August 6th, under the symbol Nasdaq: GRSVU.

Gores Holdings V, Inc., will be led by Mark R. Stone as Chief Executive Officer, and Alec Gores, as Chairman.

Total SPAC deal count for 2020 year-to-date is now 62 with $25.3 billion in gross proceeds raised. The offering is anticipated to close on Monday, August 10, 2020.

Deutsche Bank Securities Inc. is the lead book-running manager and Morgan Stanley & Co. LLC is also serving as a book-running manager for the offering. Weil, Gotshal & Manges LLP and Ropes  & Gray LLP were issuer’s counsel and underwriter’s counsel, respectively. WithumSmith+Brown, PC, acted as auditor.