Gores Holdings IX, a blank check company formed by The Gores Group, raised $525 million by offering 52.5 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50.
The company is led by Chairman Alec Gores, the founder and CEO of The Gores Group, and CEO Mark Stone, who currently serves as a Senior Managing Director of The Gores Group. The SPAC plans to leverage its management's experience to target a wide array of industries including industrials, technology, telecom, media and entertainment, business services, healthcare, and consumer products.
Gores Holdings IX plans to list on the Nasdaq under the symbol GHIXU. Deutsche Bank and Goldman Sachs acted as joint bookrunners on the deal.
