Gores Holdings VII Inc.

General Information

(Note: This is the seventh blank-check company or SPAC established with dealmaker and billionaire Alec Gores at the helm. He is the chairman of Gores Holdings VII, Inc. Alec Gores is the founder of The Gores Group, a private equity firm. Some of his headline-making deals include a 2016 transaction in which he bought part of Hostess Brands, the maker of Twinkies.)

From the prospectus:  “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 operationally oriented investment approach has served The Gores Group well since its founding in 1987.”

(Note: Gores Holdings VII priced its upsized SPAC IPO on Feb. 22, 2021: 48 million units, up from 40 million, at $10 each to raise $480 million.)

Employees: 0
Founded: 2020
Contact Information
Address 6260 Lookout Road Boulder, CO 80301
Phone Number (303) 531-3100
Web Address
View Prospectus: Gores Holdings VII Inc.
Financial Information
Market Cap $580.0mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol GSEVU
Exchange NASDAQ
Shares (millions): 48.0
Price range $10.00 - $10.00
Est. $ Volume $480.0 mil
Manager / Joint Managers Deutsche Bank Securities/Morgan Stanley
CO-Managers -
Expected To Trade: 2/23/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change