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jgrabar

10/21/20 2:54 PM

#45 RE: Golden Cross #44

$GMHI - Gores Metropoulos, Inc. (NASDAQ CM: GMHI) entered into an agreement and plan of merger with Dawn Merger Sub, Inc. ("Merger Sub 1"), Dawn Merger Sub II, LLC ("Merger Sub 2"), and Luminar Technologies, Inc. Pursuant to the terms of the merger agreement, Merger Sub 1 will merge with and into Luminar, with Luminar surviving. Shareholders of Luminar will receive an aggregate consideration of $2,928,828,692 in shares of Gores Metropoulos Class A and Class B common stock.

GMHI filed an amended proxy statement a couple of days ago but there’s still no record date or stockholder vote date. However, they are probably going to schedule them in the near future.

The deal requires approval of Gores stockholders.