Gores Guggenheim, Inc. is a special purpose acquisition company (SPAC) formed through a sponsored partnership between The Gores Group and Guggenheim Partners. Incorporated in Delaware in 2019, the company was created to identify, evaluate and complete a merger or acquisition with one or more businesses seeking to access public markets through a business combination.
The company launched its initial public offering in October 2019, raising approximately $250 million in gross proceeds. Since the IPO, Gores Guggenheim has held its capital in a trust account earning interest until the closing of a qualifying business combination. Its ordinary shares and warrants trade on the OTC Pink under the ticker symbol GGPIU.
Gores Guggenheim is actively pursuing acquisition targets primarily in North America, with a sector focus on industrial, financial, technology and services businesses. The blank-check structure gives the company flexibility to explore opportunities across a broad range of industries, while leveraging the deal-sourcing capabilities and due-diligence resources of its sponsors.
The management team is composed of professionals drawn from The Gores Group’s operational expertise and Guggenheim Partners’ investment banking background. Together, they bring decades of experience in corporate transactions, financial structuring and post-transaction integration. As of the most recent filings, Gores Guggenheim continues to seek a suitable partner for its initial business combination.
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