Gores Metropoulos completes $400M IPO

|About: Gores Metropoulos Inc (GMHIU)|By:, SA News Editor

Gores Metropoulos (GMHIU) has closed its initial public offering of 40M units at $10 per unit, including 2.5M units issued to underwriters, resulting in gross proceeds of $400M.

The Company’s units began trading on the NASDAQ Capital Market on February 1.

Each unit consists of one share of the Company’s Class A common stock and one-third of one warrant and each whole warrant entitles the holder thereof to purchase one share of the Company’s Class A common stock at a price of $11.50 per share.

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