Gores Holdings VII, Inc. is a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, founded by Alec Gores. Gores Holdings VII, Inc. completed its initial public offering in February 2021, raising approximately $550 million in cash proceeds for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Company profile
Ticker
GSEV, GSEVW, GSEVU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
853010689
GSEV stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
27 Dec 22
8-K
Entry into a Material Definitive Agreement
16 Dec 22
25-NSE
Exchange delisting
15 Dec 22
DEFA14A
Additional proxy soliciting materials
28 Nov 22
8-K
Other Events
28 Nov 22
DEF 14A
Definitive proxy
23 Nov 22
10-Q
2022 Q3
Quarterly report
10 Nov 22
DEFA14A
Additional proxy soliciting materials
3 Nov 22
8-K
Gores Holdings VII, Inc. Files Preliminary Proxy Statement to Obtain Stockholder Approval to Liquidate in 2022
3 Nov 22
PRE 14A
Preliminary proxy
3 Nov 22
Latest ownership filings
SC 13G/A
CANYON CAPITAL ADVISORS LLC
14 Feb 23
SC 13G/A
GUGGENHEIM CAPITAL LLC
12 Sep 22
SC 13G
Saba Capital Management, L.P.
21 Mar 22
SC 13G
Sculptor Capital LP
1 Mar 22
SC 13G
CANYON CAPITAL ADVISORS LLC
14 Feb 22
SC 13G
GUGGENHEIM CAPITAL LLC
14 Feb 22
SC 13G
Gores Sponsor VII LLC
11 Feb 22
4
Alec E Gores
9 Apr 21
3/A
Alec E Gores
9 Apr 21
3
Elizabeth Marcellino
23 Feb 21
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | |
|---|---|---|
| Revenue | ||
| Cost of revenue | ||
| Operating income | ||
| Operating margin | ||
| Net income | ||
| Net profit margin | ||
| Cash on hand | ||
| Change in cash | ||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.08 mm | 1.08 mm | 1.08 mm | 1.08 mm | 1.08 mm | 1.08 mm |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 1.27 mm | 507.51 k |
| Cash used (since last report) | n/a | n/a | n/a | n/a | 7.32 mm | 2.92 mm |
| Cash remaining | n/a | n/a | n/a | n/a | -6.24 mm | -1.84 mm |
| Runway (months of cash) | n/a | n/a | n/a | n/a | -4.9 | -3.6 |
Institutional ownership, Q3 2022
| 13F holders | Current |
|---|---|
| Total holders | 111 |
| Opened positions | 12 |
| Closed positions | 26 |
| Increased positions | 21 |
| Reduced positions | 46 |
| 13F shares | Current |
|---|---|
| Total value | 664.90 mm |
| Total shares | 67.55 mm |
| Total puts | 0.00 |
| Total calls | 6.53 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Gores Sponsor VII | 13.68 mm | $133.74 mm |
| Saba Capital Management | 4.40 mm | $43.35 mm |
| Jane Street | 3.27 mm | $32.20 mm |
| Marshall Wace | 3.17 mm | $31.23 mm |
| Aristeia Capital | 2.39 mm | $23.58 mm |
| Millennium Management | 2.06 mm | $20.35 mm |
| Sculptor Capital | 2.03 mm | $20.00 mm |
| Citadel Advisors | 1.52 mm | $14.97 mm |
| Adage Capital Partners GP, L.L.C. | 1.50 mm | $14.79 mm |
| King Street Capital Management | 1.50 mm | $14.79 mm |