Gores Technology Partners II, Inc.
GTPB
NASDAQ Capital Market10.02
USD
+0.01
- -
CIK
0001842046
ISIN
US38287L1070
CUSIP
38287L107
Return %
Stock
S&P500
1Y
2.56
26.84
3Y
1.73
77.03
5Y
1.73
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Edward W. Fike
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 6260 Lookout Road Boulder CO United States of America 80301
- IPO Date
- May 3, 2021
- CIK
- 0001842046
- Website
- gores.com
- Similar Companies
- Business
- Gores Technology Partners II, Inc. (NASDAQ: GTPB) operates as a blank check company, or special purpose acquisition company (SPAC), sponsored by an affiliate of The Gores Group, LLC, with no significant ongoing business operations and focused solely on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more target businesses, primarily in technology sectors including consumer internet, enterprise software, fintech, digital health, property technology, gaming, agriculture technology, and logistics; the company offers no current products or services beyond its SPAC structure, which provides public market access to private companies through its trust account proceeds from its initial public offering. Founded in 2020 and headquartered in Boulder, Colorado, it targets growth-oriented technology firms globally but has not commenced operations or generated revenue. In a major recent development, the company filed a preliminary proxy statement in November 2022 to seek stockholder approval for the redemption of all outstanding public shares and its complete liquidation before December 31, 2022, ahead of its automatic termination date in March 2023, amid challenging market conditions including high SPAC redemption rates, regulatory uncertainty, and a deteriorated PIPE market, despite extensive efforts to identify a suitable business combination partner; this followed its March 2021 initial public offering, which raised $460 million through 46 million units priced at $10 each.