The deal valued UWM at more than $16 billion. I do not hold Spac's post merger and, depending on the company, I sometimes sell … Now that we have a merger vote date, AMCI stock may continue its rally. United Wholesale Mortgage said on Wednesday it is planning to go public by merging with special purpose acquisition company (SPAC) Gores Holdings … Posting as : works at. ; The webcast meeting started at 9:00 AM ET. Posting as : works at OYO 1. When it comes to the year-to-date metrics, the Gores Holdings IV Inc. (GHIV) recorded performance in the market was -5.94%, having the revenues showcasing 23.38% on a quarterly basis in comparison with the same period year before. You may vote once every thirty days. 2020-12-16 00:00:00. With a transaction value of $16.1 billion, if approved the deal would mark the largest SPAC merger to date. Vote “Underperform” if you believe GHIV will underperform the S&P 500 over the long term. Net, the buywrite returned a little over 20% in ~a month, and given you had the redemption rights on the backend it was a very well protected trade. A special meeting of stockholders of AMCI Acquisition Corp., will be held virtually at 10:00 a.m. Eastern Time on February 2, 2021. Vote “Outperform” if you believe GHIV will outperform the S&P 500 over the long term. View detailed GHIV description & address. Posting as : works at. UPLOAD: Securities Filing Public Response. Read more. 7 Comments Share. The stock climbed in the later part … Insufficient data to calculate GHIV's fair value to establish if it … Although the merger and all other measures on the ballot passed by wide margins, 20,795 were also redeemed in connection with the vote. Gores Group for the purpose of effecting a merger, acquisition, or similar business combination. However, with an average price target of $12.50, the analysts expect the stock to stay range-bound until the merger is completed. Gores Holdings IV completed its initial public offering in January 2020, raising approximately $425 million in cash proceeds. Prior business combinations for special purpose acquisition Company profile for Gores Holdings IV Inc. Cl A including key executives, insider trading, ownership, revenue and average growth rates. LOS ANGELES, Dec. 17, 2020 /PRNewswire/ -- Gores Holdings IV, Inc. (NASDAQ: GHIV, GHIVU and GHIVW) (the "Company"), a special purpose acquisition company sponsored by … Overview: United Wholesale Mortgage will go public later this year through the highest-valued deal with a blank-check company ever, the company said Wednesday. Gores Holdings IV, Inc. (NASDAQ: GHIV, GHIVU and GHIVW) (the "Company"), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, … I have a strategy, but i just found out I was slightly misinformed. The company was founded in 2019 and is based in Beverly Hills, California. Gores Holdings IV (NASDAQ:GHIV) stock declines 4.1% as the company's stockholders vote on its proposed combination with United Wholesale Mortgage. The merger is worth approximately $16.1 Billion, making this figure the biggest business combination for a SPAC company, to this date. Gores Holdings IV intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or related business combination with one or more businesses. Enthusiast. Gores Holdings IV, Inc. (NASDAQ:GHIV) announced in an 8-K filing that its shareholders approved its combination with wholesale mortgage lender UWM Holdings at a special meeting earlier yesterday. GHIV raised $425 million from IPO which is being reinvested to UWM, and an additional $500 million raised from the private placement. 5 Like. I’m holding strong. Definitive proxy statement relating to a merger or acquisition. About GHIV. UPLOAD: Securities Filing Public Response. This transaction value will make UWM the largest SPAC transaction ever. Wholesale Mortgage Giant Going Public in Largest SPAC Deal in History The home loans provider is taking an increasingly popular route to the stock exchange. Definitive proxy statement relating to a merger or acquisition. According to Black Knight Financial Services, a mortgage data provider, 19.3 million mortgages are "high quality refinances," which means the borrower has strong credit, at … Are GHIV 1/15 option holders still holding strong, hoping for a run up as the merger date approaches? UWM is already the #2 mortgage originator and the # 1 wholesale originator in the U.S., making this SPAC poised to bring significant returns. Gores Holdings IV, Inc. intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or related business combination with one or more businesses. Date Added Proposed Merger Last Close Price Momentum factor 10 Momentum factor 200 Shares outstanding Average trading volume % traded Action; AACQ: Artius Acquisition Inc. - Class A: $781,011,000: 02/24/2021: On 2/17/2021 the company announced a pending merger with Origin Materials, the world’s leading carbon negative materials company. Shares of Gores Holdings IV Inc. ghiv shot up 16% in premarket trading Wednesday, after the special purpose acquisition company (SPAC), also … Details on how to participate will be available here. The Merger date is January 22nd, 2021. GHIV traded up slightly (to $12.40/share), and the redemption date was set for last Friday (the same day options expired). Gores Holdings IV (ticker: GHIV) stock fell close to 2% on Wednesday after the deal was revealed, to about $10.60. GHIV will merge with United Wholesale Mortgage (UWM), which is a 35-year-old giant in the residential mortgage lending industry. The GHIV stock fell as much as 6.6 percent on Wednesday as shareholders voted in favor of taking UWM public. ( See GHIV stock analysis on TipRanks ) To find good ideas for SPAC stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy , a newly launched tool that unites all of TipRanks’ equity insights. Largest SPAC deal in history to merge Gores Holdings IV with United Wholesale Mortgage in $16.1 billion deal By Tanya Pushkin on September 23, 2020 Gores Holdings IV, Inc. (GHIV) announced today it will merge with United Wholesale Mortgage in a transaction that will bring the nation’s largest wholesale mortgage lender public at a $16 billion valuation. At the time of this writing, the total market value of the company is set at 524.88M. 2020-12-16 00:00:00. Initial public offerings (IPOs) carried out through special purpose acquisition companies, or SPACs, continue to be red hot this year. MarketBeat's community ratings are surveys of what our community members think about Gores Holdings IV and other stocks. Gores Holdings IV in a proxy filing set Jan. 20 as the date for a shareholder vote on its proposed business combination with United Wholesale Mortgage. a month. Right now, its market value is only $554 million, so GHIV stock is still very undervalued, even before the deal closes.