BlueMountain Capital Management, LLC recently disclosed that they own a 1% stake in Gores Holdings Inc (NASDAQ:GRSHU) in a Schedule 13G/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, October 14th. The investor owns 374,687 shares of the stock worth approximately $4,679,841. The reporting parties listed on the disclosure included BlueMountain Capital Management, LLC and Blue Mountain Credit Alternatives Master Fund LP. The disclosure is available through Edgar at this link.
Shares of Gores Holdings Inc (NASDAQ:GRSHU) remained flat at $12.49 during mid-day trading on Friday. Gores Holdings Inc has a 52 week low of $8.64 and a 52 week high of $14.71. The company has a 50 day moving average of $12.31 and a 200-day moving average of $10.89. The company’s market cap is $141.50 million.
About Gores Holdings
Gores Holdings, Inc is a blank check company. The Company 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 focuses to effect its business combination using the proceeds held in the Trust Account from its Public Offering and the sale of the Private Placement Warrants, its capital stock, debt or a combination of these as the consideration.
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