Gores Holdings VI Inc. (GHVIU) Prices $300M IPO


Gores Holdings VI Inc. (GHVIU) Prices $300M IPO

Gores Holdings VI Inc. announced the pricing of its $300 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “GHVIU” tomorrow, Friday, December 11.

The new company aims to combine with a business in the technology, industrials, media, healthcare, or consumer sectors that is undergoing structural changes. Gores VI is led by Chairman Alec Gores, CEO Mark R. Stone and CFO and Secretary Andrew McBride.

Total SPAC deal count for 2020 year-to-date is now 225 with $76.2 billion in gross proceeds raised. This offering is expected to close on Tuesday, December 15.

Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. Weil, Gotshal & Manges LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. KPMG LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.