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Friday, December 2, 2022

Equity Corporate Actions Alert #2022 - 396
Information Regarding the Anticipated Redemption of Gores Holdings VII, Inc. (GSEV/W/U)

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  • Industry Announcement

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On December 15, 2022, shareholders of Gores Holdings VII, Inc. (GSEV/W/U) will meet to vote to redeem the company's public shares and not consummate a business combination. If approved, the redemption will be effective as of the close of business on December 15, 2022 and the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. The details are as follows:

Company Name & Issue Type: Gores Holdings VII, Inc. Class A Common Stock
CUSIP#: 38286T101
Symbol: GSEV
Anticipated Last Trading Date: December 15, 2022
Anticipated Marketplace Effective Date for Suspension: December 16, 2022
Redemption rate: Approximately $10.01 per Class A Common Stock
Company Name & Issue Type: Gores Holdings VII, Inc. Warrant
CUSIP#: 38286T119
Symbol: GSEVW
Anticipated Last Trading Date: December 15, 2022
Anticipated Marketplace Effective Date for Suspension: December 16, 2022
Redemption rate: There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless.
Company Name & Issue Type: Gores Holdings VII, Inc. Unit
CUSIP#: 38286T200
Symbol: GSEVU
Anticipated Last Trading Date: December 15, 2022
Anticipated Marketplace Effective Date for Suspension: December 16, 2022
Redemption rate: Approximately $10.01 per Class A Common Stock

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