Nasdaq Welcomes Hostess Brands, Inc. (Nasdaq: TWNK) To The Nasdaq Stock Market

As previously announced, Gores Holdings, Inc. (NASDAQ:GRSHU) (NASDAQ:GRSH) (NASDAQ:GRSHW) completed the acquisition of Hostess Brands, LLC.  As a result of the transaction, Gores Holdings was renamed Hostess Brands, Inc. and its common stock and warrants now trade on NASDAQ under the symbols “TWNK” and “TWNKW”, respectively. 

Funds managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, “Apollo”) (NYSE:APO) and C. Dean Metropoulos and family, the prior majority owners of Hostess, will continue to hold an approximately 42% combined stake in the Company. C. Dean Metropoulos and family, including Metropoulos & Co. Principals Evan Metropoulos and Daren Metropoulos, remain the largest shareholders of the company.

“Hostess is one of the largest packaged food companies focused on fresh baked sweet goods in the United States,” said Nelson Griggs, Executive Vice President, Listing Services, Nasdaq. “Its iconic brands, outstanding management team and innovative spirit represent what it means to be a Nasdaq listed company, and we are looking forward to celebrating its future successes.”

By listing with Nasdaq, Hostess joins some of the world’s largest and most revolutionary companies. Nasdaq is the exchange of choice to some of the biggest of consumer companies listed on the U.S. markets.

“Listing on the Nasdaq just three years after acquiring the assets and mounting a storied Comeback is an extraordinary feat,” said Bill Toler, CEO of Hostess Brands, Inc.  “I want to take this opportunity to acknowledge every Hostess employee, partner and consumer who contributed to this milestone we celebrate today.”