GS Acquisition Holdings is a special purpose acquisition company (SPAC) that raised $300M in its IPO in May 2025. It has no operations or revenue — its sole purpose is to identify and acquire a private company, taking it public in the process. The company has 24 months from IPO close to complete an acquisition, or it must return trust funds to shareholders at approximately $10.00 per share. The company targets businesses with enterprise values of $200M to $1.5B, with a preference for technology, software, and SaaS businesses given the management team's background. Target companies should have proven management, operational maturity, above-market growth, and a clear rationale for going public. The SPAC is led by Harry You, a technology executive and former CFO at Oracle, Accenture, and EMC, with prior SPAC experience as chairman or CEO/CFO of Coliseum and dMY Squared. The sponsor and Harry You hold roughly 7.5M founder shares acquired for under $25,000 total — representing roughly 20% of pre-redemption equity — which is the primary economic incentive for management. Public investors hold shares backed by trust assets at approximately $10.00 per share, with the option to redeem if they don't approve the proposed deal, plus warrant upside if the combined company performs well. The company briefly explored an acquisition of OnMed, a healthcare infrastructure company, but that letter of intent expired in March 2026 without a deal.