Gores Holdings III, Inc. Announces Pricing of $375,000,000 Initial Public Offering
06 Setembro 2018 - 5:50PM
Business Wire
Gores Holdings III, 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 37,500,000
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 September 7, 2018. Each unit consists of one share of the
Company’s Class A common stock and one-third of one warrant, each
whole warrant entitling the holder thereof to purchase one share of
Class A common stock at a price of $11.50 per 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. is serving as the underwriter for
the offering. The Company has granted the underwriter a 45-day
option to purchase up to an additional 5,625,000 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 Securities and Exchange Commission
(“SEC”) on September 6, 2018. 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 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: https://www.businesswire.com/news/home/20180906005937/en/
The Gores GroupJennifer Kwon Chou(310) 209-3010orSitrick And
CompanyTerry Fahn(310) 788-2850
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