Investor Presentation
Investor presentation
The Gores SPAC franchise has a stellar track record
Proven SPAC
track record
-
$38bn of transaction value across eight
completed/announced transactions
- $6.0bn of new cash equity delivered across
eight completed/announced transactions
- 13 SPACS raised to date, totaling $5.7bn
(prior to PIPE commitments)
Alignment with
key stakeholders
An attractive
opportunity for
prospective
targets
Transaction
closed
Transaction Proceeds
value
delivered
Redemption
rate
GORES
HOLDINGS
Hostess
Nov 2016
$2.3bn
$725mn
0%
GORES
HOLDINGS II
VERRA
MOBILITY™
Oct 2018
$2.4bn
$800mn
<1%
-
-
Polestar shareholders: compelling valuation and
upside potential from rollover shares and earnout
- New investors: attractive entry valuation with
long-term return potential
Sponsor alignment: $655mn of capital
committed by Gores Sponsor & affiliates in eight
completed/announced transactions
GORES
HOLDINGS III
PAE
Feb 2020
$1.5bn
$620mn
0%
GORES
METROPOULOS
LUMINAR
Dec 2020
$2.9bn
$590mn
0%
GORES
HOLDINGS IV
UWM
Jan 2021
$16.1bn
$925mn
0%
UNITED WHOLESALE MORTGAGE
-
Nominal redemptions across seven completed
transactions
GORES
HOLDINGS V
Amp
Aug 2021
$8.5bn
$1,000mn
24%
Ardagh Metal Packaging
-
Significant experience boosts transaction
execution from upfront diligence through
closing
GORES
HOLDINGS VI
☑Matterport
Jul 2021
$2.3bn
$640mn
0%
Sonder
Q4 20211
$2.2bn
$650mn¹
N/A¹
-
Proven record of providing expedited access to
liquidity, capital and value creation
Note: An investment in Gores Guggenheim or Polestar is not an investment in any other current or previous special purpose
acquisition company sponsored by affiliates of The Gores Group (the "Gores SPACS").
The historical results of the Gores SPACS, including those represented in this presentation, are not necessarily indicative of future
performance of Gores Guggenheim or Polestar.
Redemption rate for AMP shown net of any backstop investments.
GORES
METROPOULOS II
1. Sonder transaction was announced in April 2021 and is expected to close in
Q4 2021. Proceeds delivered assume zero redemptions.
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