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Gores Holdings IV files for up to $400M IPO

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Gores Holdings IV files for up to $400M IPO

Gores Holdings IV Inc. filed with the SEC its plans to raise up to $400.0 million in an IPO.

The blank-check company, formed by private equity firm The Gores Group LLC, is offering 40.0 million units at $10.00 apiece.

Each offered unit comprises a share of Gores Holdings IV's class A common stock and one-fourth of a warrant. A whole warrant entitles its holder to purchase one share of the class A common stock at $11.50 apiece. The company also expects to grant the underwriter a 45-day overallotment option to buy 6.0 million additional units.

Gores Holdings IV plans to apply to have its units listed on the NASDAQ Capital Market under the ticker GHIVU.

Deutsche Bank Securities Inc. is the sole book runner for the IPO.