No actionable trading signal — this is a routine Form 3 filing for a SPAC insider. Monitor for the issuer's announced business combination target and subsequent insider filings (e.g., filing of an S-4 or proxy statement for the de-SPAC vote).
Price Chart
Executive Summary
Keith Covington filed a Form 3 initial statement of beneficial ownership with Gores Holdings XI, Inc., a blank-check SPAC, disclosing ownership of 25,000 Class B ordinary shares (convertible 1:1 into Class A shares at the initial business combination). This is a routine insider filing for a SPAC insider, with no transaction or change in control — purely administrative.
Key Facts
- Filed on 2026-06-22 by Keith Covington (reporting person)
- Owns 25,000 Class B ordinary shares (par value $0.0001 per share)
- Class B shares are convertible 1:1 into Class A ordinary shares at any time, and automatically convert upon the issuer's initial business combination
- Filing is an initial statement of beneficial ownership (Form 3) — no trade or change reported
- Issuer: Gores Holdings XI, Inc. (GHXI), a blank-check company (SIC 6770)
Financial Impact
No financial impact; 25,000 shares at fractional par value ($0.0001) indicate nominal stake. No transaction or consideration disclosed.
Risk Factors
- SPACs carry inherent risk of losing the target acquisition or failing to complete the business combination, which could result in liquidation and return of trust proceeds only
- No material financial data in this filing to inform valuation or trajectory
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 3 Filing (Primary) | 0001193125-26-278044 |
| Document: 0001193125-26-278044-index-headers.html | 0001193125-26-278044 |
| Document: 0001193125-26-278044-index.html | 0001193125-26-278044 |
| Document: 0001193125-26-278044.txt | 0001193125-26-278044 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 30, 2026 17w ago | 8-K | — | awaiting T+20 | — | — |
Jun 24, 2026 17w ago | 8-K | — | awaiting T+20 | — | — |
Jun 23, 2026 18w ago | 424B4 | — | awaiting T+20 | — | — |
Jun 23, 2026 18w ago | EFFECT | — | awaiting T+20 | — | — |
Jun 22, 2026 18w ago | 3 | — | awaiting T+20 | — | — |
Jun 22, 2026 18w ago | 3 | — | awaiting T+20 | — | — |
Jun 22, 2026 18w ago | 3 | — | awaiting T+20 | — | — |
Jun 22, 2026 18w ago | 3 | — | awaiting T+20 | — | — |
US Market Status
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