Monitor for business combination announcements and proxy filings. The SPAC has 24 months to identify and close a target; any definitive agreement or target speculation could drive price action. Track redemption levels at the time of the business combination vote, as high redemptions reduce trust per share.
Price Chart
Executive Summary
Gores Holdings XI, Inc. (GHXI) completed its initial public offering of 31,200,000 units at $10.00 per unit, raising $312 million in gross proceeds (before underwriting discounts and expenses). Each unit consists of one Class A ordinary share and one-fourth of a warrant exercisable at $11.50 per share. The sponsor purchased 225,000 private placement shares at $10.00 each, and the company adopted amended and restated memorandum and articles of association. Proceeds are held in trust for a future business combination, which must occur within 24 months (or 27 months with a definitive agreement). This is a routine SPAC IPO filing with no operational results or material changes to existing business.
Key Financial Metrics
Key Facts
- IPO of 31,200,000 units at $10.00 per unit, with an over-allotment option for up to 4,680,000 additional units
- Each unit comprises one Class A ordinary share and one-fourth of a warrant (whole warrant exercisable at $11.50 per share)
- Sponsor purchased 225,000 private placement Class A shares at $10.00 per share
- Founder shares (8,970,000 Class B shares) purchased for $25,000; up to 1,170,000 subject to forfeiture depending on over-allotment exercise
- Net proceeds deposited in trust account for future business combination; company has 24 months (27 with definitive agreement) to complete a business combination or liquidate
- Underwriters receive $0.0080128 per unit upfront discount and $0.30 per unit deferred discount payable upon business combination
- Amended and restated memorandum and articles of association adopted, including provisions for business combination, redemption rights, and conversion of Class B shares
Financial Impact
Gross proceeds of $312,000,000 from IPO, plus $2,250,000 from private placement, held in trust for business combination. Underwriting discounts total $250,000 upfront plus $9,360,000 deferred.
Risk Factors
- Failure to complete a business combination within 24 months (27 with definitive agreement) leads to liquidation and return of trust proceeds to public shareholders
- Dilution from founder shares, private placement, and warrant exercises upon business combination
- Warrant overhang: up to 8,970,000 warrants exercisable at $11.50 per share
- Market risk: SPACs trade based on target quality and deal terms; no underlying operations
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-281284 |
| Document: d157295dex11.htm | 0001193125-26-281284 |
| Document: d157295dex41.htm | 0001193125-26-281284 |
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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