Item 8.01 Other Events.

On November 23, 2022, Gores Holdings VII, Inc. (the "Company") filed a definitive proxy statement relating to a special meeting of stockholders to approve (i) an amendment to the Company's amended and restated certificate of incorporation (the "Charter") and (ii) an amendment to the Investment Management Trust Agreement, dated February 25, 2021, by and between the Company and Computershare Trust Company, N.A., as trustee (such proposals together, the "Proposals"), which together would, if implemented, allow the Company to redeem all of its outstanding shares of Class A common stock, par value $0.0001 per share (the "Public Shares"), prior to December 31, 2022 by changing the date by which the Company must cease all operations except for the purpose of winding up if it fails to complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination (a "Business Combination") from February 25, 2023 to the later of (x) December 15, 2022 or (y) the date of effectiveness of the second amended and restated charter (the "Amended Termination Date").

If the Proposals are approved, and because the Company will not be able to complete an initial Business Combination by the Amended Termination Date, the Company will redeem all Public Shares as promptly as reasonably possible after the Amended Termination Date (the "Mandatory Redemption"). The Company expects to complete the Mandatory Redemption on or around December 16, 2022 if stockholders approve the Proposals. Additionally, the last day of trading of the Public Shares will be December 15, 2022 if stockholders approve the Proposals.

The virtual special meeting will be held on Thursday, December 15, 2022 at 8:30 a.m. Eastern Time, and the record date for the meeting was the close of business (Eastern time) on November 22, 2022.

Forward-Looking Statements

This Current Report on Form 8-K includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the proposed early ceasing of operations of the Company. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, the receipt of the requisite stockholder approval to effect the amendment to the Company's Charter. These forward-looking statements speak only as of the date of Current Report on Form 8-K, and the Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of the Company, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, for risks and uncertainties related to the Company's business which may affect the statements made in this Current Report on Form 8-K.

Additional Information

Nothing in the foregoing communication shall constitute a solicitation to buy or an offer to sell any of the Company's securities. The Company's stockholders and other investors are urged to read the definitive proxy statement which has been filed with the Securities and Exchange Commission (the "SEC") because it will contain important information relating to the foregoing. Copies of the Company's SEC filings are available free of charge at the SEC's website (http://www.sec.gov).

Participants in a Solicitation

The directors and executive officers of the Company and other persons may be deemed to be participants in the solicitation of proxies in respect of any proposals to be vote on at the special meeting. Information regarding the directors and executive officers of the company is available in its definitive proxy statement, which was filed with the SEC on November 23, 2022. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be available in the proxy materials. Free copies of these documents may be obtained as described in the preceding paragraph.

On November 23, 2022, Gores Holdings VII, Inc. (the "Company") announced that it had filed a definitive proxy statement relating to a special meeting of stockholders to approve (i) an amendment to the Company's Amended and Restated Certificate of Incorporation ("Charter") and (ii) an amendment to the Investment Management Trust Agreement, dated February 25, 2021, by and between the Company and Computershare Trust Company, N.A., as trustee, which would, if implemented, allow the Company to redeem all of its outstanding public shares and liquidate before December 31, 2022, in advance of the automatic termination date in its current Charter of February 25, 2023. The virtual special meeting will be held on Thursday, December 15, 2022 at 8:30 a.m. Eastern Time, and the record date for the meeting is the close of business (New York time) on November 22, 2022. A copy of the press release is filed herewith as Exhibit 99.1 in compliance with Rule 14a-12 under the Securities Exchange Act of 1934, as amended, and is incorporated herein by reference.


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