GHVI - BACK AT START PRICE! (OVERSOLD)Gores Holding (NASDAQ:GHVI) stock is has been falling and it has nothing to do with the stock...
We had seen the fed and most specifically Powell speak on Friday and dip our market lower by saying a few un reasonable things..
however, the feds are not worried about this and so should we, in other words they are saying inflation is no where near.
Times like this are like black black friday deals.. if you do not buy now when will you buy if you are a bull?
The letters "M&A" on a wooden table, surrounded by a calculator and other business items. mergers and acquisitions
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Josh Brown is the commentator behind the positive movement today. During a segment on the news station, he said he’s going long on GHVI stock. That’s ahead of the special purpose acquisition company’s (SPAC) deal to bring digital transformation company Matterport public.
Brown backs up his position by saying that Matterport has loads of potential in its space. He also points to its CEO as having a strong resume with previous employers includes Apple, eBay, and Alphabet’s Google, reports Seeking Alpha.
Brown’s comments have reignited interest in GHVI stock and it’s seeing heavy trading today. As of this writing, more than 15 million shares of the stock have changed hands. That’s quite the jump from its daily average trading volume of 4.23 million shares.
Keeping all of that in mind, here’s what investors need to know about GHVI and its upcoming Matterport SPAC merger.
The merger will result in a combined company operating under the Matterport, Inc. name.
This will also have shares of GHVI stock switching over to the new MTTR ticker.
The deal is between the two companies implies an equity value of approximately $2.9 billion.
It will also provide Matterport with $640 million of funding after the deal closes.
That comes from $345 million of cash held in trust by Gores Holding and another $295 million from a private investment in public equity (PIPE).
The deal is set to close in the second quarter of 2021.
GHVI stock was up 17.2% as of Friday afternoon.
Goresholdings
Gores Holdings huge upside potentialMerger date set now for January 20th in the DEFM14A filing out today.
Tomorrow might spike!
Market Cap 568.969M
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