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Posted on September 24, 2020September 24, 2020

Alec Gores strikes again with biggest SPAC merger to date

The SPAC boom just became a little bigger. Gores Holdings IV, a special-purpose acquisition company that raised $425 million at the start of the year, has agreed to combine with United Wholesale Mortgage in a reverse merger that will value the mortgage origination provider at roughly $16.1 billion, marking the largest SPAC merger on record, the company said.

By sf-admin


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