Full Answer
What will happen to ghiv stock when the merger closes?
When the transaction closes, the combined company will operate under UWM Corporation. Its stock will take the place of GHIV stock on Nasdaq and the ticker symbol will change to “UWMC.”
Is ghiv merging with United Wholesale?
GHIV will merge with United Wholesale Mortgage (UWM), which is a 35-year-old giant in the residential mortgage lending industry. The deal valued UWM at more than $16 billion. The transaction will see UWM receive more than $900 million in cash to continue building its business.
Is ghiv a good investment?
Gores Holdings IV ( GHIV) is a SPAC which in a few weeks will merge with United Wholesale Mortgage LLC (hereafter UWM), the fast-growing #2 mortgage lender. GHIV is backed by good people, and UWM is a great company.
What will happen to ghiv and UWM investors?
Existing UWM investors will retain a 94 percent stake in the combined company. GHIV shareholders, together with the PIPE investors, will own about 6 percent of the combined company. When the transaction closes, the combined company will operate under UWM Corporation.
What happens to SPAC stock after merger?
What happens to SPAC stock after the merger? After a merger is completed, shares of common stock automatically convert to the new business.
How long does it take for SPAC Ticker to change?
Once it goes public, the SPAC typically has between 18 and 24 months to seek out a "target company" and negotiate a buyout. If it does so, it usually will change its ticker to reflect the new entity it has merged with, and shareholders will now be invested in the acquired company.
What stock is GHIV?
Gores Holdings IV trades on the NASDAQ under the ticker symbol "GHIV."
Will GHVI change to MTTR?
Gores Holdings VI, Inc. (GHVI) will change its name, trading symbol, and CUSIP to Matterport, Inc. (MTTR), CUSIP 577096100 effective July 23, 2021. As a result, option symbol GHVI will also change to MTTR effective at the opening of business on July 23, 2021.
Should you buy a SPAC before or after merger?
History shows that the best strategy here is usually to buy SPACs after they've announced a merger target but before the actual completion of the combination.
When should I sell my SPAC stock?
A strategy often pursued by hedge funds is to sell the SPAC after the IPO and keep the warrant that could increase in value if the SPAC stock approaches or exceeds the strike price at which the warrant could be exercised for common stock shares of the SPAC.
Who is Gores Holdings merging with?
Footprint International Holdco, Inc.(Gores), a special acquisition company formed by an affiliate of The Gores Group, LLC, in its US$1.6 billion definitive merger agreement with global materials science technology company, Footprint International Holdco, Inc. (Footprint), that will result in Footprint becoming a publicly listed company.
What does Thcb stock do?
Well, the company specializes in battery systems to power a wide range of electric vehicles. Instead of focusing on the passenger vehicle space, Microvast is carving out a niche in city transit. This means it wants to develop high-power batteries for things like buses and taxis.
Is Matterport a public company?
Matterport became a publicly listed company on July 23, 2021 after completing a business combination with Gores Holdings VI, Inc., a publicly traded special purpose acquisition company. Forge no longer actively tracks this company.
Is Matterport a good investment?
Its revenue rose 87% to $85.9 million in 2020, but grew just 29% to $111.2 million in 2021. It expects to generate $125 million to $135 million in revenue in 2022, which would represent just 12% to 21% growth. In a presentation last year, Matterport claimed it could generate $747 million in annual revenue in 2025.
What happened to Matterport?
Downward revisions to revenue growth forecasts severely hurt Matterport's (NASDAQ:MTTR) stock price. Shares are down around 79% from their November 2021 highs around $33. The price is in a precipitous decline that accelerated when the company reported scarier operating losses last month.
Is Matterport a SPAC?
Spatial data company Matterport (NASDAQ:MTTR) went public in July following a special-purpose acquisition company (SPAC) merger with Gores Holdings VI. Matterport received $605 million in total cash in this SPAC deal, including $310 million from Gores Holdings VI and $295 million from other institutional investors.
Who are Gores Holdings IV's key executives?
Gores Holdings IV's management team includes the following people: Mr. Mark R. Stone , CEO & Pres (Age 57) Mr. Andrew McBride , CFO & Sec. (Ag...
Who are some of Gores Holdings IV's key competitors?
Some companies that are related to Gores Holdings IV include Home Point Capital (HMPT) , UWM (UWMC) , Ocwen Financial (OCN) , Finance Of Americ...
What is Gores Holdings IV's stock symbol?
Gores Holdings IV trades on the NASDAQ under the ticker symbol "GHIV."
How much money does Gores Holdings IV make?
Gores Holdings IV has a market capitalization of $0.00.
What is Gores Holdings IV's official website?
The official website for Gores Holdings IV is www.gores.com .
Where are Gores Holdings IV's headquarters?
Gores Holdings IV is headquartered at 9800 Wilshire Blvd., Beverly Hills CA, 90212 .
How can I contact Gores Holdings IV?
Gores Holdings IV's mailing address is 9800 Wilshire Blvd., Beverly Hills CA, 90212 . The company can be reached via phone at 310 209 3010 or vi...
What is GHIV merger?
GHIV will merge with United Wholesale Mortgage (UWM), which is a 35-year-old giant in the residential mortgage lending industry. The deal valued UWM at more than $16 billion. The transaction will see UWM receive more than $900 million in cash to continue building its business.
What is Gores Holdings IV?
Gores Holdings IV is a SPAC whose stock trades on Nasdaq under the ticker symbol “GHIV.”. The company scheduled a special shareholder meeting for Jan. 20. At the meeting, GHIV shareholders will vote on its merger proposal.
What is the ticker symbol for Gores Holdings IV?
Gores Holdings IV trades on the NASDAQ under the ticker symbol "GHIV."
Where is Gores Holdings IV located?
The company was founded in 2019 and is based in Beverly Hills, California.
Is Gores Holdings IV a buy or sell company?
Gores Holdings IV has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
How Matterport plans to go public
Matterport plans to go public through a reverse merger with GHVI. SPACs are also known as blank-check companies. SPACs don’t have any real business operations and are formed with the sole aim of acquiring another company.
Tech companies are attracting a massive valuation premium
On a standalone basis, the massive jump in valuation would seem exorbitant. However, the way markets look at tech companies has changed over the last year. There are multiple examples to show the valuation premium that tech companies are attracting.
Matterport on Stocktwits
Username DaMajor on Stocktwits advises caution on valuing Matterport based on the company’s projection even as it's a strong company. Another user who goes by the name PineInvestor called Matterport a great company especially given the COVID-19 pandemic situation.
Matterport IPO stock looks like a buy
Matterport monetizes data through the SaaS (Software-as-a-Service) model and reported a 500 percent increase in subscribers in 2020. Its revenues in the year rose 87 percent to $85.9 million, which would mean a 2020 price-to-sales multiple of 33.7x.
How much is Gores Holding IV worth?
On Sept. 23, Gores Holding IV announced it would merge with United Wholesale Mortgage in an EV deal worth $16.1 billion. That makes it the largest SPAC deal to date.
What is Legacy Acquisition?
On Sept. 21, Legacy Acquisition announced it will merge with online car parts company Onyx Enterprises in a $337 million EV deal. Once the deal closes, the combined companies will be renamed Parts iD, Inc. A new symbol for the renamed company has not yet been determined.
