Gores Holdings XII, Inc.

S-1 filed

Price $10.00 · 31,200,000 shares · Gross proceeds $312,000,000

Gores Holdings XII, Inc. is conducting an IPO with a public offering price of $10.00 per unit, aiming to raise $312 million (up to $358.8 million if the underwriter's over-allotment option is exercised). The company, a blank check entity, has 24 months (or 27 months if a business combination agreement is signed within 24 months) to complete an initial business combination. Funds from the offering will be placed in a trust account, with proceeds released only upon completion of a merger, shareholder redemption, or liquidation. The sponsor, Gores Sponsor XII LLC, has committed to a private placement of 225,000 Class A shares, and founder shares will convert to Class A upon a business combination. The company faces risks related to its reliance on the sponsor, potential conflicts of interest, and uncertainty in completing a merger.