Gores Holdings V Inc.
Completed 2021-08-04- CIK 1816816
- GRSV
- Now AMBP
- IPO 2020-08-07
- $525M trust
- 52 filings
Successfully merged with Ardagh Metal Packaging S.A. • Now trading as AMBP
- IPO Size
- $525M
- raised at the IPO
- Trust
- $525M
- as of 2021-06-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2020
- year it listed
Filings, by quarter
52 filings over 7 quarters; violet bars carry a milestone
- 20 Q3: 18 filings
- 20 Q4: 1 filing
- 21 Q1: 12 filings
- 21 Q2: 5 filings
- 21 Q3: 15 filings
- 21 Q4: 0 filings
- 22 Q1: 1 filing
- S-1 filed 20 Q3
- IPO 20 Q3
- Definitive agreement 21 Q1
- Completed 21 Q3
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Gores Holdings V is a newly organized blank-check company seeking to complete an initial business combination with one or more businesses. It emphasizes operationally oriented acquisitions that can benefit from its management team's experience.
Key Information
As the filings state it
- IPO Date
- 2020-08-07
- PIPE
- $600M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2021-08-04
- Merger Target
- Ardagh Metal Packaging S.A.
- SPAC Ticker
- GRSV
- Merged Ticker
- AMBP
Stock Performance
AMBPTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2021-08-05 | $10.55 | |
| 6 Months Post-Merger | 2022-02-04 | $9.32 | -12% |
| 1 Year Post-Merger | 2022-08-05 | $6.18 | -42% |
| 2 Years Post-Merger | 2023-08-09 | $3.47 | -67% |
| Current Price | 2026-10-06 | $4.49 | -57% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Led by Alec Gores, Mark Stone and Andrew McBride, the team reports more than 80 years of combined operational, financial, investment and transactional experience. Their backgrounds include The Gores Group and prior SPACs and business combinations across a range of industries.