Gores Holdings IX, Inc.
GHIX
NASDAQ Global Market10.18
USD
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Gores Holdings IX, Inc.
GHIX
(NASDAQ Global Market)
Recent
price
10.18
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Gores Holdings IX, Inc. Gores Holdings IX, Inc. (NASDAQ:GHIX) operates as a blank check company, or special purpose acquisition company (SPAC), whose sole purpose centers on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities; it focuses on targets in sectors including industrials, technology, telecommunications, media and entertainment, business services, healthcare and consumer products, leveraging the extensive operational experience of its management team. Incorporated in 2021 and headquartered at 6260 Lookout Road in Boulder, Colorado, the company functions as a subsidiary of Gores Sponsor IX LLC, an affiliate of The Gores Group, LLC, a global investment firm founded in 1987 and based in Beverly Hills, California; it conducts no significant operations or generates revenues prior to completing a business combination. The company completed a $525 million initial public offering in January 2022, selling 52.5 million units at $10 each, comprising one share of Class A common stock and one-third of a warrant exercisable at $11.50 per share. In recent developments, shareholders approved an 11-month extension of its initial business combination deadline to December 6, 2024, though high redemptions significantly reduced trust proceeds; however, the board determined in late November 2024 that no suitable target could be identified in time, leading to the announcement of full redemption of outstanding Class A shares at approximately $10.12 per share based on the trust balance as of October 31, 2024, cessation of all operations except winding up, expiration of warrants as worthless, and subsequent dissolution and liquidation under Delaware law around December 6, 2024. Additionally, the company recently identified and is restating its financial statements for fiscal years 2022 and 2023, as well as quarters through March 2024, due to errors in tax provision accounting, with amendments planned for its 2023 Annual Report and Q2 2024 Quarterly Report.