UWM Holdings Corporation (UWMC)

[db7]

"Alec Gores, Chairman and Chief Executive Officer of The Gores Group, stated, "We are pleased to partner with UWM in this milestone transaction. Mat and his team have built an impressive organization that is the market leader in wholesale lending and has a strong focus on culture and delivering quality service and offerings for its customers. As a public company, UWM will be well positioned given its significant competitive advantages and we look forward to working together to accelerate the next phase of growth and to drive value for all of our stakeholders."

Mark Stone, Chief Executive Officer of Gores Holdings IV, added, "After evaluating a number of potential partners for Gores Holdings IV, this transaction clearly stood out as a superior option for our stockholders. The public company currency of a newly listed business will enable the Company to continue to benefit from the ongoing tailwinds in the mortgage industry and capitalize on growth opportunities in a massive addressable market. We are excited to participate in UWM's continued value creation through a meaningful remaining equity stake in the business."
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