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Gores Holdings V (Nasdaq: GRSV, GRSVU, GRSVW) announced an impending business combination with Ardagh Metal Packaging (AMP), pending stockholder approval at a Special Meeting on August 3, 2021. The merger is expected to close on August 4, 2021, enabling AMP, a leader in sustainable beverage cans, to become publicly traded. Gores Holdings V aims to leverage its expertise to support market-leading companies. Since its IPO in August 2020, Gores has announced or completed eight business combinations totaling $38 billion in transaction value.
Gores Holdings V (NASDAQ: GRSV, GRSVU, GRSVW) announced plans to delist its shares from Nasdaq upon closing its merger with Ardagh Metal Packaging S.A. (AMPSA). The shares and warrants of AMPSA will begin trading on the NYSE as "AMBP" and "AMBPW" after the merger. The delisting from Nasdaq is part of the business combination strategy. Stockholders are advised to review the definitive proxy statement for essential information regarding the merger. The NYSE listing is contingent upon fulfilling all listing requirements and closing conditions.
Gores Holdings V (NASDAQ: GRSV, GRSVU, GRSVW) announced a Special Meeting on August 3, 2021, to vote on merging with Ardagh Metal Packaging. The SEC has approved the registration for this business combination, which aims for Ardagh to go public under the NYSE symbol "AMBP." Estimated enterprise value upon closing is approximately $8.5 billion, boosted by a $600 million private placement. The merger has been unanimously approved by both boards but is contingent on stockholder approval and other standard conditions.
