Gores Holdings VIII (GIIXU) Prices $300M IPO

Gores Holdings VIII announced the pricing of its $300 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “GIIXU,” on Thursday, February 25.

The new company aims to combine with a business in the industrial technology, telecom, consumer, healthcare or media spaces. Gores VIII is led by Chairman Alec Gores and CEO Mark R. Stone alongside CFO and Secretary Andrew McBride.

Total SPAC deal count for 2021 year-to-date is now 174. This offering is expected to close on Monday, March 1.

Deutsche Bank Securities is acting as the book-running manager for the offering. Weil, Gotshal & Manges LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. KPMG LLP serves as auditor. Computershare Trust Company, N.A is acting as trustee.