![]() ![]() This blank-check company, Gores Holdings IV, went public in January on Nasdaq in an initial public offering that raised $425 million. ![]() The deal calls for United Shore, which also is known as United Wholesale Mortgage, to merge with a so-called "blank-check company" affiliated with the Los Angeles-based Gores Group, founded in 1987 by Alec Gores.īlank-check companies are companies that first raise money through public markets to later buy or merge with other businesses. Pontiac-based mortgage company United Shore Financial Services is preparing to go public on the Nasdaq stock exchange through a complex deal involving a company belonging to the older brother of Detroit Pistons owner Tom Gores, the company announced Wednesday.
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