We intend to capitalize on the ability of our management team to identify, acquire and manage a business that can benefit from our operational expertise, as members of our management team have done in diverse sectors, including industrials, technology, telecommunications, media and entertainment, business services, healthcare and consumer products. This investment approach has served The Gores Group well since its founding in 1987.

*Note: This SPAC is among several blank-check companies or SPACs backed by The Gores Group and led by Alec Gores, the founder, chairman and CEO of The Gores Group. 

From the prospectus: Mr. Gores implemented an operational approach to private equity investing when he founded The Gores Group in 1987 by operating businesses alongside management, or in some cases in lieu of management, to build value in those entities. Since then, the firm has acquired more than 120 businesses, including a current portfolio of eight active companies worldwide.

(Gores Holdings IX, Inc. priced its SPAC IPO on Jan. 11, 2022, in line with the terms in its prospectus: 52.5 million units at $10 each to raise $525 million.)