Gores Guggenheim, Inc. was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company’s strategy is to identify, acquire and, after the initial business combination, to build a company in an industry or sector that complements the experience of its management team and can benefit from their operational expertise.
Company profile
Ticker
GGPI, GGPIW, GGPIU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
854385646
GGPI stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
5 Jul 22
8-K
Polestar and Gores Guggenheim, Inc. Announce Closing of Business Combination
27 Jun 22
8-K
Entry into a Material Definitive Agreement
27 Jun 22
25-NSE
Exchange delisting
23 Jun 22
8-K
Gores Guggenheim Stockholders Approve Polestar Business Combination
22 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
22 Jun 22
DEFA14A
Additional proxy soliciting materials
21 Jun 22
425
Business combination disclosure
21 Jun 22
DEFA14A
Additional proxy soliciting materials
21 Jun 22
425
Business combination disclosure
16 Jun 22
Latest ownership filings
SC 13G/A
Gores Guggenheim Sponsor LLC
8 Aug 22
4
Nancy Tellem
27 Jun 22
4
Alec E Gores
27 Jun 22
4
Andrew Rosenfield
27 Jun 22
4
Randy Bort
27 Jun 22
4
Change in insider ownership
27 Jun 22
4
Elizabeth Marcellino
27 Jun 22
SC 13G/A
CITADEL ADVISORS LLC
14 Feb 22
SC 13G
Gores Guggenheim Sponsor LLC
14 Feb 22
SC 13G/A
INTEGRATED CORE STRATEGIES (US) LLC
27 Jan 22
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| 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) | 350.21 k | 350.21 k | 350.21 k | 350.21 k | 350.21 k | 350.21 k |
| Cash burn (monthly) | (no burn) | 115.08 k | (no burn) | 5.45 mm | 124.02 k | (no burn) |
| Cash used (since last report) | n/a | 2.32 mm | n/a | 109.78 mm | 2.50 mm | n/a |
| Cash remaining | n/a | -1.97 mm | n/a | -109.43 mm | -2.15 mm | n/a |
| Runway (months of cash) | n/a | -17.1 | n/a | -20.1 | -17.3 | n/a |
Institutional ownership, Q1 2022
53.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 82 |
| Opened positions | 15 |
| Closed positions | 35 |
| Increased positions | 19 |
| Reduced positions | 31 |
| 13F shares | Current |
|---|---|
| Total value | 265.01 mm |
| Total shares | 42.69 mm |
| Total puts | 5.87 mm |
| Total calls | 5.18 mm |
| Total put/call ratio | 1.1 |
| Largest owners | Shares | Value |
|---|---|---|
| Gores Guggenheim Sponsor | 19.93 mm | $0.00 |
| BNP Paribas Asset Management Holding | 3.13 mm | $35.56 mm |
| Millennium Management | 2.77 mm | $31.48 mm |
| Alyeska Investment | 2.45 mm | $27.87 mm |
| Integrated Core Strategies | 2.29 mm | $26.83 mm |
| Susquehanna International | 1.82 mm | $20.66 mm |
| Sessa Capital IM | 1.00 mm | $11.37 mm |
| Citadel Advisors | 713.23 k | $8.11 mm |
| MS Morgan Stanley | 657.15 k | $7.47 mm |
| Allianz Asset Management GmbH | 640.00 k | $7.28 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 23 Jun 22 | Gores Guggenheim Sponsor | Warrants to Purchase Shares of Class A Common Stock Class A Common Stock, par value $0.0001 per share | Sale back to company | Dispose D | No | No | 11.5 | 9,000,000 | 103.50 mm | 0 |
| 23 Jun 22 | Gores Guggenheim Sponsor | Class F Common Stock, par value $0.0001 per share Class A Common Stock, par value $0.0001 per share | Sale back to company | Dispose D | No | No | 0 | 18,384,165 | 0.00 | 0 |
| 23 Jun 22 | Gores Guggenheim Sponsor | Class F Common Stock, par value $0.0001 per share Class A Common Stock, par value $0.0001 per share | Sale back to company | Dispose D | No | No | 0 | 1,540,835 | 0.00 | 18,384,165 |
| 23 Jun 22 | Elizabeth Marcellino | Class F Common Stock, par value $0.0001 per share Class A Common Stock, par value $0.0001 per share | Sale back to company | Dispose D | No | No | 0 | 25,000 | 0.00 | 0 |
| 23 Jun 22 | GG Sponsor | Warrants to Purchase Shares of Class A Common Stock Class A Common Stock, par value $0.0001 per share | Sale back to company | Dispose D | Yes | No | 11.5 | 4,500,000 | 51.75 mm | 0 |
| 23 Jun 22 | GG Sponsor | Class F Common Stock, par value $0.0001 per share Class A Common Stock, par value $0.0001 per share | Sale back to company | Dispose D | Yes | No | 0 | 78,426 | 0.00 | 0 |
| 23 Jun 22 | GG Sponsor | Class F Common Stock, par value $0.0001 per share Class A Common Stock, par value $0.0001 per share | Sale back to company | Dispose D | Yes | No | 0 | 8,892,083 | 0.00 | 0 |
| 23 Jun 22 | GG Sponsor | Class F Common Stock, par value $0.0001 per share Class A Common Stock, par value $0.0001 per share | Buy | Dispose P | Yes | No | 0 | 78,426 | 0.00 | 78,426 |
| 23 Jun 22 | GG Sponsor | Class F Common Stock, par value $0.0001 per share Class A Common Stock, par value $0.0001 per share | Sale back to company | Dispose D | Yes | No | 0 | 770,417 | 0.00 | 8,892,083 |
| 23 Jun 22 | GGP Sponsor | Warrants to Purchase Shares of Class A Common Stock Class A Common Stock, par value $0.0001 per share | Sale back to company | Dispose D | Yes | No | 11.5 | 4,500,000 | 51.75 mm | 0 |