Gores Holdings IX, Inc. (GHIXU) Prices $525M IPO


Gores Holdings IX, Inc. (GHIXU) Prices $525M IPO

Jan 12, 2022 IPOs by Marlena Haddad

Gores Holdings IX, Inc. announced the pricing of its $525 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GHIXU” Wednesday, January 12.

The new SPAC intends to combine with a target that is undergoing a change in capital structure, strategy, or operations in the industrials, technology, telecommunications, media and entertainment, business services, healthcare, and consumer product sectors. Gores Holdings IX, Inc. is led by Chairman Alec Gores, CEO Mark R. Stone, and CFO and Secretary Andrew McBride.

Total SPAC deal count for 2022 year-to-date is now 9. This offering is expected to close on Friday, January 14.

Deutsche Bank Securities and Goldman Sachs & Co. LLC acted as joint book-running managers in the offering. Weil, Gotshal & Manges LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Computershare Trust Company is acting as trustee.