Gores Metropoulos II, Inc.
GMII
NASDAQ Global Select8.37
USD
-0.11
- -
Gores Metropoulos II, Inc.
GMII
(NASDAQ Global Select)
Recent
price
8.37
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Gores Metropoulos II, Inc. is a special purpose acquisition company (SPAC) primarily engaged in effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses. Founded in 2020 and headquartered in Boulder, Colorado, the company focuses on identifying and combining with target businesses primarily in the consumer products and services industry, though it may pursue opportunities across various sectors to leverage the management team's extensive operational experience. The company's latest major corporate action was its January 18, 2022, reverse merger with Sonder Holdings Inc., a technology-driven hospitality company that operates flexible and design-centric accommodations across more than 35 markets in 10 countries and three continents. This combination positioned Gores Metropoulos II as the publicly listed entity through which Sonder continues its business expansion. Sonder's offerings include a broad range of accommodation types such as rooms, suites, and apartments managed under its brand but developed in partnership with real estate developers. The company employs a proprietary technology platform enabling guests to control their stays via self-service features and 24/7 support through its app, targeting leisure travelers with a focus on millennial consumers. Since the merger, Gores Metropoulos II, through Sonder, has secured incremental capital investments including a $200 million private placement and an additional $110 million from affiliates and PIPE investors to fund growth and operational initiatives. The company has outlined ambitious expansion plans aiming for approximately $4 billion in revenue by 2025, supported by leverage of technology to reduce operating costs relative to traditional hotel models. Gores Metropoulos II benefits from the strategic involvement of the Gores Group and Metropoulos & Co., which bring extensive expertise in operating and investing in consumer brands across North America. In summary, Gores Metropoulos II operates as a vehicle for strategic acquisitions and public listing facilitation, currently focused on the hospitality sector through its combination with Sonder Holdings Inc., delivering tech-enabled accommodation services at scale internationally. The company is part of a broader ecosystem of investment and operational expertise that underpins its growth trajectory in consumer service industries.
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