03 Dec. 2020, 5:09 PM. The transaction has an enterprise value of $3.7 Billion, which will provide $1.2 Billion in cash proceeds. The combined company will operate under the United name and list on the NASDAQ under the ticker symbol UWMC. The company was founded in 2019 and is based in Beverly Hills, California. The merger, announced in September, could value the lender at $16.1 billion once trading begins on the New York Stock Exchange on Jan. 22 under the ticker symbol “UWMC.” Its stock will take the place of GHIV stock on Nasdaq and the ticker symbol will change to “UWMC.” Investors expect the results from the vote on the merger deal by Jan. 22. Under the terms of the merger arrangement, United Wholesale will hold 94% of the combined company, which is to be renamed UWM Corp and trade under the ticker symbol UWMC. ( See GHIV stock analysis on TipRanks ) To find good ideas for SPAC stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy , a newly launched tool that unites all of TipRanks’ equity insights. Gores Holdings IV intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or related business combination with one or more businesses. ... SPACs are the new, modern day casino fun for the addicted, and the markets know it. Merger will finalise on January 8, where both companies will trade under the new ticker NASDAQ:CLOV. United Wholesale Mortgage plans to combine with the SPAC via a merger. However, with an average price target of $12.50, the analysts expect the stock to stay range-bound until the merger is completed. So, in the event where GHIV sets their shareholder date before the options expire and we have a market crash in between now and then, there’s a chance GHIV decides to push their shareholder vote back simply to reach out to new shareholders and try … United Wholesale Mortgage said on Wednesday it is planning to go public by merging with special purpose acquisition company (SPAC) Gores Holdings … Shares of Gores Holdings IV Inc. ghiv shot up 16% in premarket trading Wednesday, after the special purpose acquisition company (SPAC), also … About GHIV. Reply Like (2) Chris Valley. PT: Short Term: 15-18 Mid Term: 19-22 Long Term: 23-27. These five SPAC stocks have major merger deals that may be new, but most of them have a huge potential upside. As the merger date comes near, GHIV will inch upward.