Gores Holdings IV, the fourth blank check company formed by The Gores Group, raised $400 million by offering 40 million units at $10 to command a market value of $500 million. Each unit consists of one share of common stock and one-fourth of one warrant exercisable at $11.50.
Gores Holdings IV plans to list on the Nasdaq under the symbol GHIVU. Deutsche Bank and Morgan Stanley acted as lead managers on the deal.
