General News

SPAC Gores Metropoulos II Prices $400 Million IPO, Following Luminar Deal

GREENWICH, CT – Gores Metropoulos II, the second special purpose acquisition company (SPAC) or blank check company formed by Dean Metropoulos and The Gores Group, raised $400 million by offering 40 million units at $10, Renaissance Capital (RC) reported on January 19, adding that “each unit will consist of one share of common stock and one-fifth of a warrant, exercisable at $11.50.”

“The company is led by Chairman Dean Metropoulos, a billionaire investing veteran who serves as CEO of family-owned investment firm Metropoulos & Co., where he has led notable acquisitions such as Hostess, Pabst Brewing, Utz Quality Foods, and Pinnacle Foods,” RC reported, noting that “he is joined by CEO and Director Alec Gores, the Founder, Chairman, and CEO of The Gores Group and Chairman of its various SPACs.”

“The group's previous SPAC, Gores Metropoulos, raised $375 million in January of 2019 and recently completed its combination with lidar developer Luminar Technologies,” RC reported, adding that “The Gores Group has formed six other publicly-traded SPACs, four of which have completed or announced acquisitions.”

“Gores Metropoulos II intends to search for a target business in the consumer products and services industry, but may also pursue acquisition opportunities in any business industry or sector, which complements management’s operating experience,” RC reported, noting that “the Greenwich, CT-based company plans to list on the Nasdaq under the symbol GMIIU,” and “Deutsche Bank and Citi acted as lead managers on the deal.”


DECEMBER 5TH: On this day in 1924, George Savalas, the Greek-American actor, was born in the Bronx in New York.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Biden Hosts Macron amid Friction over US Climate Law (Video)

WASHINGTON (AP) — Presidents Joe Biden and Emmanuel Macron are celebrating the longstanding U.

OHIO - Julia Reichert, the Oscar-winning documentary filmmaker behind “American Factory” whose films explored themes of race, class and gender, often in the Midwest, has died.

NEW YORK — A stage musical about woke princesses that uses hit songs by Britney Spears will land on Broadway this summer.

LONDON — Elton John is scheduled to perform at the Glastonbury Festival in June, in what organizers say will be his farewell show in Britain.

The term ‘soccer’ is one that is met with ironic sneers and pointed jests around the world, outside the United States.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.