Monitor for any announcement of a definitive agreement for a business combination, which would trigger a proxy statement and shareholder vote. The SPAC has until June 2028 to complete a deal. The trust account provides a floor near $10 per share for public shareholders, limiting downside risk. Watch for any target rumors or press reports.
Price Chart
Executive Summary
Gores Holdings XI, Inc. (GHXI) completed its initial public offering on June 24, 2026, selling 35,880,000 units at $10.00 per unit for gross proceeds of $358.8 million, including full exercise of the underwriters' over-allotment option. Simultaneously, the sponsor purchased 225,000 private placement shares for $2.25 million. The net proceeds are held in trust and the SPAC has 24 months (up to 27 with a definitive agreement) to complete a business combination. This is a routine SPAC IPO closing filing with no material financial or operational developments.
Key Facts
- IPO of 35,880,000 units at $10.00/unit, gross proceeds $358,800,000
- Underwriters' over-allotment option exercised in full for 4,680,000 additional units
- Private placement of 225,000 Class A shares to sponsor at $10.00/share, gross proceeds $2,250,000
- Trust account funded with $358,800,000 (includes $10,764,000 deferred underwriting discount)
- 8,970,000 warrants outstanding, each exercisable at $11.50 per share after business combination
- Sponsor owns 9,120,000 ordinary shares (20.2% of outstanding) post-IPO
- Company has 24 months (27 with definitive agreement) to complete initial business combination
- Cash outside trust: $1,958,292; working capital: $1,204,675 as of June 24, 2026
Financial Impact
IPO raised $358.8M gross; $358.8M placed in trust; no operating revenue or earnings
Risk Factors
- Failure to identify or complete a business combination within 24-27 months could lead to liquidation at ~$10 per share
- Dilution from 8,970,000 warrants exercisable at $11.50 per share post-deal
- Sponsor's 20.2% stake creates potential for governance conflicts in deal approval
- Geopolitical and market volatility may complicate target search and deal execution
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-290853 |
| Document: d117784d8k.htm | 0001193125-26-290853 |
| Document: 0001193125-26-290853-index-headers.html | 0001193125-26-290853 |
| Document: 0001193125-26-290853-index.html | 0001193125-26-290853 |
| Document: 0001193125-26-290853.txt | 0001193125-26-290853 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 30, 2026 16w ago | 8-K | — | awaiting T+20 | — | — |
Jun 24, 2026 17w ago | 8-K | — | awaiting T+20 | — | — |
Jun 23, 2026 17w 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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