Subsequent Events |
6 Months Ended |
|---|---|
Jun. 30, 2016 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Note 10 — Subsequent Events
Proposed Business Combination On July 5, 2016, Gores Holdings, Inc. (the “Company”) entered into a Master Transaction Agreement (the “Master Transaction Agreement”), by and among the Company, Merger Sub, the Sellers and the Sellers’ Representative (each as defined in the Master Transaction Agreement), pursuant to which the Company will acquire Hostess Brands, LLC and related entities (the “Acquisition”). The transactions set forth in the Master Transaction Agreement (the “Transactions”) will result in a “Business Combination” involving the Company, as defined in the Company’s charter. The Company will create a new class of common stock in connection with the Acquisition designated as the Class B common stock, par value $0.0001 per share. The Class B common stock will be issued to effect an “Up-C” structure following the Acquisition, and each holder of Class B common stock will hold an equivalent number of Class B units of Hostess Holdings, L.P. The Class B common stock will have no economic interest, but will vote as a single class with the Class A common stock.
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