Powered by

The Gores Group's eighth SPAC Gores Holdings VIII files for a $300 million IPO

Jan 27, 2021 - Nasdaq

Gores Holdings VIII, the eighth blank check company formed by The Gores Group, filed on Wednesday with the SEC to raise up to $300 million in an initial public offering.

The Boulder, CO-based company plans to raise $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and one-eighth of a warrant, exercisable at $11.50. At the proposed deal size, Gores Holdings VIII would command a market value of $375 million.

The company is led by Chairman...