Gores Holdings IV, Inc. (NasdaqCM:GHIV) announced that it has entered into a subscription agreements for 50,000,000 common shares of class A at issue price of $10 per share for gross proceeds of $500,000,000 on September 22, 2020. The transaction includes participation from certain individuals led by Alec Gores, Chairman and Chief Executive Officer of Gores Group, top tier institutional institutional investors, and returning investor, Gores Sponsor IV LLC. The closing of the transaction is contingent upon the substantially concurrent consummation of the business combination transaction. The securities are issued pursuant to exemption provided under Regulation D.