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The Gores Group's sixth SPAC Gores Holdings VI lowers proposed deal size by 43% ahead of $300 million IPO

Nov 17, 2020 - Nasdaq

Gores Holdings VI, the sixth blank check company formed by The Gores Group, lowered the proposed deal size for its upcoming IPO on Monday.

The Boulder, CO-based company now plans to raise $300 million by offering 30 million units at $10. The company originally filed to offer 30 million units at the same price before increasing the offering to 52.5 million units last month. Each unit still consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. At the revise...