Money Makers Mentor

Gores Holding VII Inc. Latest SPAC

Gores Holding VII, Inc. announced its IPO. According to paperwork filed with the SEC, Gores Holding VII, Inc. has registered to list 46 million units of securities to publicly trade on the NASDAQ at a proposed maximum aggregate offering price of $10 each. Moreover, this number includes some 6 million units issuable to underwriters in the event of any over-allotment. Furthermore, each unit consists of 1 share of Class A ordinary common stock and 1/8 of a redeemable warrant.

Each whole warrant entitles the holder to purchase 1 share of Class A ordinary common stock at a price of $11.50 each. However, only whole warrants will trade. The proposed maximum aggregate offering price is somewhere between $400 to $460 million depending upon the extent to which the underwriters exercise their ov…

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