Company Quick10K Filing
Gores Holdings III
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 -0 $-0
10-Q 2019-11-12 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-14 Quarter: 2019-03-31
10-K 2019-03-18 Annual: 2018-12-31
S-1 2018-08-10 Public Filing
8-K 2020-02-10 Enter Agreement, M&A, Off-BS Arrangement, Sale of Shares, Shareholder Rights, Accountant, Control, Officers, Amend Bylaw, Shell Status, Exhibits
8-K 2020-02-07 Officers, Shareholder Vote
8-K 2020-01-22 Other Events
8-K 2020-01-07 Regulation FD, Exhibits
8-K 2019-11-01 Enter Agreement, Sale of Shares, Regulation FD, Exhibits

Gores Holdings III Financials

GRSH Metrics, Comps, Filings

Annual | Quarterly

Business

On November 3, 2017, our Sponsor purchased an aggregate of 10,781,250 shares (the "Founder Shares") of our Class F common stock, par value $0.0001 per share (the "Class F Common Stock"), for an aggregate purchase price of $25,000 or approximately $0.002 per share. Subsequently, our Sponsor transferred an aggregate of 75,000 Founder Shares to the Company's independent directors (together with our Sponsor, the "Initial Stockholders"). On October 22, 2018, following the expiration of the unexercised portion of the underwriter's over-allotment option, our Sponsor forfeited 781,250 Founder Shares so that the Founder Shares held by our Initial Stockholders would represent 20% of our outstanding shares of Capital Stock (as defined below) immediately following the consummation of our Public Offering.

On September 11, 2018, we consummated our Public Offering of 40,000,000 units (the "Units") of the Company, including 2,500,000 Units issued pursuant to the partial exercise of the underwriter's over-allotment option. Each Unit consists of one share of Class A common stock of the Company, par value $0.0001 per share (the "Common Stock" and, together with the Class F Common Stock, the "Capital Stock"), and one-third of one warrant of the Company ("Warrant"), each whole Warrant entitling the holder thereof to purchase one share of Common Stock at an exercise price of $11.50 per share of Common Stock. The Units were sold at a price of $10.00 per share, generating gross proceeds to us of $400,000,000. Simultaneously with the IPO Closing Date, we completed the private sale of an aggregate of 6,666,666 warrants to our Sponsor (the "Private Placement Warrants") at a price of $1.50 per Private Placement Warrant, each exercisable to purchase one share of Common Stock at $11.50 per share, generating gross proceeds to us of $10,000,000. The Private Placement Warrants have terms and provisions that are identical to those of the public warrants sold as part of the units in the IPO, except that the Private Placement Warrants may be physical (cash) or net share (cashless) settled and are not redeemable so long as they are held by the Sponsor or its permitted transferees. The sale of the Private Placement Warrants was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

On the IPO Closing Date, $400,000,000 of the gross proceeds from the Public Offering and the sale of the Private Placement Warrants was deposited in a U.S.-based trust account (the "Trust Account") with Continental Stock Transfer and Trust Company acting as trustee (the "Trustee"). Of the $10,000,000 held outside of the Trust Account, $8,000,000 was used to pay underwriting discounts and commissions, $300,000 was used to repay notes payable to our Sponsor and the balance was available to pay accrued offering and formation costs, business, legal and accounting due diligence on prospective acquisitions and continuing general and administrative expenses. Funds held in the Trust Account have been invested only in U.S. government treasury bills with a maturity of one hundred and eighty (180) days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended (the "Investment Company Act"), that invest only in direct U.S. government obligations. Funds will remain in the Trust Account until the earliest of (i) the completion of the Business Combination; (ii) the redemption of any shares of Common Stock properly tendered in connection with a stockholder vote to amend our amended and restated certificate of incorporation to modify the substance or timing of our obligation to redeem 100% of such shares of Common Stock if we do not complete a Business Combination within 24 months from the IPO Closing Date and (iii) the redemption of 100% of the shares of Common Stock if we are unable to complete a Business Combination within 24 months from the IPO Closing Date (subject to applicable law).


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Qiwi (QIWI) 0% 73,023,000 0 0 0 0 -2,500
Far Point Acquisition (FPAC) -0.1 1% 645,971 22,234 0 0 9,520 13,382 -1,142
Farfetch (FTCH) 0% 1,351,393 222,962 0 0 0 0 -49,935
Priority Technology Holdings (PRTH) 0% 10.9 -6% 460,314 560,914 411,459 0 -26,812 41,794 456,123
Collier Creek Holdings (CCH) -0.1 1% 447,927 15,553 0 0 6,577 6,577 -672
Mudrick Capital Acquisition (MUDS) -0.1 1% 214,337 7,302 0 0 2,791 3,676 -336
Nebula Acquisition (NEBU) -0.2 1% 281,463 10,350 0 0 3,294 5,094 -908
Mosaic Acquisition (MOSC) -0.1 2% 354,357 12,231 0 0 5,874 6,726 -927
Leo Holdings (LHC) 0.0 -0% 205,502 10,654 0 0 -85 -85 -4
Saban Capital Acquisition (SCACU) 0% -0.7 0% 216,527 16,356 2,801 0 54 71 -46
Pure Acquisition (PACQ) -0.1 2% 422,926 414,160 0 0 6,908 9,349 -579
Gores Holdings III (GRSH) -0.0 1% 406,655 14,358 0 0 5,072 6,687 -142
Trinity Merger (TMCX) -0.1 1% 359,151 17,112 0 0 4,105 5,729 -314
Sentinel Energy Services (STNL) 6.9 -0% 355,161 19,190 0 0 -90 -90 -614
Visa (V) 0% 0.4 17% 70,249,000 35,254,000 22,274,000 0 11,900,000 16,118,000 6,081,000
New Frontier (NFC) -0.3 2% 295,647 7,110 0 0 5,244 5,244 -1,741
Megalith Financial Acquisition (MFAC) -0.2 1% 174,678 7,384 0 0 1,559 2,207 -429
LF Capital Acquisition (LFAC) -0.1 1% 161,408 6,209 0 0 1,872 2,562 -179
Legacy Acquisition (LGC) -0.3 1% 307,161 11,520 0 0 3,081 4,506 -1,385
ARYA Sciences Acquisition (ARYA) -0.5 1% 147,436 4,716 0 0 2,203 2,203 -1,016

Balance Sheet ($'000)2018-12-31
Cash856
Accounts Receivable
Inventory
PP&E
Assets403,669
Accounts Payable
Long-Term Debt
Liabilities14,687
Stockholders' Equity5,000
Income Statement ($'000)2018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax462
Net Income1,737
Cash Flow ($'000)2018-12-31
Cash Operating2,259
Cash Investing-402,606
Cash Financing401,094