Gores Holdings, Inc. Announces Pricing of $350,000,000 Initial Public Offering
14 Août 2015 - 2:45PM
Business Wire
Gores Holdings, Inc. (the “Company”), a blank check company
formed for the purpose of entering into a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses, today
announced the pricing of its initial public offering of 35,000,000
units at a price of $10.00 per unit. The units will be listed on
the NASDAQ Capital Market and trade under the ticker symbol “GRSHU”
beginning August 14, 2015. Each unit consists of one share of the
Company’s Class A common stock and one warrant to purchase one-half
of one share of the Class A common stock at a price of $5.75 per
half share (or $11.50 per whole share). Once the securities
comprising the units begin separate trading, the Class A common
stock and warrants are expected to be listed on the NASDAQ Stock
Market under the symbols “GRSH” and “GRSHW,” respectively.
Deutsche Bank Securities, Inc. and I-Bankers Securities, Inc.
are serving as the underwriters for the offering. Gores Holdings,
Inc. has granted the underwriters a 45-day option to purchase up to
an additional 5,250,000 units at the initial public offering price
to cover over-allotments, if any.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus may be obtained from Deutsche
Bank Securities Inc., 60 Wall Street, New York, NY 10005-2836,
Attention: Prospectus Group, Telephone: (800) 503-4611, Email:
prospectus.cpdg@db.com.
A registration statement relating to the securities has been
declared effective by the SEC on August 13, 2015. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
This press release contains statements that constitute
"forward-looking statements," including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement and preliminary prospectus for the Company's offering
filed with the Securities and Exchange Commission ("SEC"). Copies
are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
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version on businesswire.com: http://www.businesswire.com/news/home/20150814005111/en/
Sitrick And CompanyTerry Fahn, 310-788-2850
Gores Holdings III (NASDAQ:GRSHU)
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