December 11, 2019
Gores Group’s Beverly Hills headquarters.
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The sizzling SPAC market has hit a cold stretch.
Gores Guggenheim Inc., a special purpose acquisition company formed by affiliates of The Gores Group and Guggenheim Capital, has priced its initial public offering at $750 million.
Beverly Hills-based Gores Group is looking to raise two new special purpose acquisition companies, or SPACs, worth a combined $640 million, according to regulatory filings.
The 2021 Money Issue
Last year was the most significant year in the history of special purpose acquisition companies, or SPACs.