Gores Holdings Prices $350 Mln IPO

(RTTNews) - Blank check company Gores Holdings, Inc. has priced its initial public offering of 35 million units at a price of $10.00 per unit.

The units are listed on the NASDAQ Capital Market and began trade under the ticker symbol "GRSHU" on August 14.

Each unit consists of one share of the company's Class A common stock and one warrant to purchase one-half of one share of the Class A common stock at a price of $5.75 per half share, or $11.50 per whole share.

Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on the NASDAQ Stock Market under the symbols "GRSH" and "GRSHW," respectively.

Gores Holdings has granted the underwriters a 45-day option to purchase up to an additional 5.25 million units at the IPO price to cover over-allotments, if any.