Gores Holdings VII, Inc. Price, Forecast, Insider, Ratings, Fundamentals & Signals

Boulder, colo.--(business wire)--gores holdings vii, inc. (nasdaq: gsev, gsevu, gsevw) (the “company”) announced today that it has filed a preliminary proxy statement to seek stockholder approval to adopt an amendment to its amended and restated certificate of incorporation (“charter”) to allow the company to redeem all of its outstanding public shares and liquidate before december 31, 2022, in advance of the automatic termination date in its current charter of february 25, 2023. the company believes that consummation of a suitable merger is highly improbable, and because redemptions made after december 31, 2022 may be subject to a 1% excise tax included as part of the inflation reduction act of 2022, it is in the best interest of the company’s stockholders to return the cash in trust within calendar 2022 rather than wait for expiration in 2023...

Boulder, colo.--(business wire)--gores holdings vii, inc. (nasdaq: gsev) (the “company”), announced today that, on may 21, 2021, it received a notice (“notice”) from the listing qualifications department of the nasdaq stock market (“nasdaq”) stating that the company is not in compliance with nasdaq listing rule 5250(c)(1) (the “rule”) because the company failed to timely file its quarterly report on form 10-q for the quarter ended march 31, 2021 (the “form 10-q”) with the securities and exchange commission (“sec”). the notice has no immediate effect on the listing or trading of the company’s securities on the nasdaq capital market. as previously disclosed in the form 12b-25 filed on may 18, 2021 by the company, on april 12, 2021, the acting director of the division of corporation finance and acting chief accountant of the sec together issued a statement regarding the accounting and reporting considerations for warrants issued by special purpose acquisition companies entitled “staff statement on accounting and reporting considerations for warrants issued by special purpose acquisition companies” (the “sec statement”)...

Boulder, colo.--(business wire)--gores holdings vii, inc. (the “company”), a blank check company sponsored by an affiliate of the gores group, llc, a global investment firm founded in 1987 by alec gores, and 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 closing of its initial public offering of 55,000,000 units, which includes 7,000,000 units issued pursuant to the partial exercise by the underwriters of their over-allotment option. the offering was priced at $10.00 per unit, resulting in gross proceeds of $550,000,000, before deducting underwriting discounts and commissions and other offering expenses payable by the company...

Boulder, colo.--(business wire)--gores holdings vii, 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 48,000,000 units at a price of $10.00 per unit on february 22, 2021. the units were listed on the nasdaq capital market and trade under the ticker symbol “gsevu” beginning february 23, 2021. each unit consists of one share of the company’s class a common stock and one-eighth of one warrant. each whole warrant entitles the holder thereof to purchase one share of the company’s class a common stock at a price of $11...

SPAC Series: Going Green With Gores Holdings