Gores Holdings Stock Soars After SPAC’s Deal to Take United Wholesale Mortgage Public

MarketWatch, Sept. 23, 2020–Tomi Kilgore
Shares of Gores Holdings IV Inc. shot up 16% in premarket trading Wednesday, after the special purpose acquisition company, also known as a blank-check company, announced it will take United Wholesale Mortgage public in deal that values the mortgage lender at $16.1 billion.