Gores Technology Partners, Inc. (GTPAU) Prices $240M IPO

Gores Technology Partners announced the pricing of its $240 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTPAU”, Friday, March 12.

The new company aims to combine with a consumer internet target that can benefit from the Gores network and has valuable technology. Gores Technology II is led by Chairman Alec Gores alongside Co-CEOs Ted Fike and Justin Wilson and CFO and Secretary Andrew McBride.

Total SPAC deal count for 2021 year-to-date is now 247. This offering is expected to close on Tuesday, March 16.

Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are serving 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. Computershare Trust Company, N.A. is acting as trustee.