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GGPI Gores Guggenheim

Gores Guggenheim, Inc. was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company’s strategy is to identify, acquire and, after the initial business combination, to build a company in an industry or sector that complements the experience of its management team and can benefit from their operational expertise.

GGPI stock data

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Calendar

16 Aug 21
20 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Cash on hand (at last report) 1.06M 1.06M 1.06M
Cash burn (monthly) 224.78K 3.74M (positive/no burn)
Cash used (since last report) 831.61K 13.84M n/a
Cash remaining 225.22K -12.79M n/a
Runway (months of cash) 1.0 -3.4 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 May 21 GGP Sponsor Class F Common Stock, par value $0.0001 per share Class A Common Stock, par value $0.0001 per share Sale back to company Dispose D Yes No 0 781,250 0 9,962,500
6 May 21 Gores Guggenheim Sponsor Class F Common Stock, par value $0.0001 per share Class A Common Stock, par value $0.0001 per share Sale back to company Dispose D No No 0 1,562,500 0 19,925,000
6 May 21 GG Sponsor Class F Common Stock, par value $0.0001 per share Class A Common Stock, par value $0.0001 per share Sale back to company Dispose D Yes No 0 781,250 0 9,962,500

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

50.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 64 101 -36.6%
Opened positions 11 101 -89.1%
Closed positions 48 0 NEW
Increased positions 12 0 NEW
Reduced positions 17 0 NEW
13F shares
Current Prev Q Change
Total value 10.15B 10.65B -4.7%
Total shares 40.37M 73.09M -44.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Integrated Core Strategies 3.95M $39.53M 0.0%
Fir Tree Capital Management 2.87M $28.02M +112.7%
Citadel Advisors 2.75M $26.86M -47.6%
Canyon Capital Advisors 2.5M $24.41M 0.0%
Saba Capital Management 2.4M $23.43M +29.8%
Marshall Wace 2M $19.54M -0.0%
Finepoint Capital 1.85M $18.1M NEW
Linden Advisors 1.5M $14.65M 0.0%
Millennium Management 1.39M $13.53M -64.9%
HBK Investments L P 1.25M $12.21M 0.0%
Largest transactions
Shares Bought/sold Change
DB Deutsche Bank AG - Registered Shares 608.17K -5.99M -90.8%
Magnetar Financial 0 -4.5M EXIT
Glazer Capital 1.01K -3.51M -100.0%
Millennium Management 1.39M -2.57M -64.9%
Citadel Advisors 2.75M -2.5M -47.6%
Jane Street 0 -2.25M EXIT
MCQEF Macquarie 0 -2.25M EXIT
Finepoint Capital 1.85M +1.85M NEW
Fir Tree Capital Management 2.87M +1.52M +112.7%
King Street Capital Management 0 -1.5M EXIT

Financial report summary

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Management Discussion
  • For the six months ended June 30, 2021, we had net loss of $12,565,814 of which $11,000,000 is a non-cash expense related to the change in fair value of the warrant liability. Our business activities during the quarter mainly consisted of identifying and evaluating prospective acquisition candidates for a Business Combination. We believe that we have sufficient funds available to complete our efforts to effect a Business Combination with an operating business by March 25, 2023. However, if our estimates of the costs of identifying a target business, undertaking in-depth due diligence and negotiating a Business Combination are less than the actual amount necessary to do so, we may have insufficient funds available to operate our business prior to our Business Combination.
Content analysis
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Constraining
Legalese
Litigous
Readability
H.S. senior Bad