Gores Holdings V, Inc. Announces the Separate Trading of its Class A Common Stock and Warrants Commencing September 28, 2020
September 25 2020 - 4:05PM
Business Wire
Gores Holdings V, Inc. (Nasdaq: GRSVU) (the “Company”) announced
that, commencing September 28, 2020, holders of the units sold in
the Company’s initial public offering of 52,500,000 units completed
on August 10, 2020 may elect to separately trade the shares of
Class A common stock and warrants included in the units. Those
units not separated will continue to trade on the Nasdaq Capital
Market under the symbol “GRSVU,” and the Class A common stock and
warrants that are separated will trade on the Nasdaq Capital Market
under the symbols “GRSV” and “GRSVW,” respectively.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities of the Company, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The offering was
made only by means of a prospectus, copies of which may be obtained
from Deutsche Bank Securities Inc., Attn: Prospectus Department, 60
Wall Street, New York, New York 10005, telephone: 800-503-4611 or
email: prospectus.cpdg@db.com and Morgan Stanley & Co. LLC,
Attn: Prospectus Department, 180 Varick, 2nd Floor, New York, New
York 10014, telephone: 866-718-1649 or email:
prospectus@morganstanley.com.
About Gores Holdings V, Inc.
Gores Holdings V, Inc. was formed for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. The Company's strategy is to identify, acquire and,
after the initial business combination, to build a company in an
industry or sector that complements the experience of its
management team and can benefit from their operational
expertise.
Forward-Looking Statements
This press release may include “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements other than statements of historical fact
included in this press release are forward-looking statements. When
used in this press release, words such as “anticipate,” “believe,”
“estimate,” “expect,” “intend” and similar expressions, as they
relate to us or our management team, identify forward-looking
statements. Such forward-looking statements are based on the
beliefs of management, as well as assumptions made by, and
information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the Securities and Exchange
Commission (“SEC”). All subsequent written or oral forward-looking
statements attributable to us or persons acting on our behalf are
qualified in their entirety by this paragraph. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company's registration statement and
preliminary prospectus for the Company’s initial public offering
filed with the SEC. The Company undertakes no obligation to update
these statements for revisions or changes after the date of this
release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200925005478/en/
Jennifer Kwon Chou Managing Director, The Gores Group (310)
209-3010 jchou@gores.com
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