The SPAC is now live to begin trading — watch for the pricing date and first-day trading volume to gauge demand. Post-IPO, the key catalyst will be any 8-K or press release announcing a target business combination. The 24-month deadline gives ample time but any redemption pressure during a deal announcement could affect trust account value.
Price Chart
Executive Summary
Gores Holdings XI, Inc. (GHXI) received SEC effectiveness for its S-1 registration statement on June 22, 2026, clearing the way for its SPAC initial public offering of up to 31,200,000 units at $10.00 per unit, with an additional over-allotment option of 4,680,000 units. The offering is expected to raise up to $312,000,000 before underwriting fees and the SPAC will have 24 months (or 27 months with a signed deal) to complete an initial business combination.
Key Facts
- Effectiveness granted for SEC file number 333-296462 on June 22, 2026.
- IPO of 31,200,000 units at $10.00/unit, targeting $312,000,000 in gross proceeds.
- Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant.
- Underwriter has a 45-day option to purchase up to 4,680,000 additional units for over-allotments.
- Whole warrants exercisable at $11.50/share, beginning 30 days after initial business combination.
- SPAC has 24 months from closing (or 27 months with definitive agreement) to complete a business combination.
- Public shareholders may redeem shares upon completion of a business combination at trust-account pro-rata value.
- Sponsor (Gores Sponsor XI, LLC) holds founder shares and private placement warrants.
- Company is a blank-check / SPAC vehicle with no identified target.
Financial Impact
Up to $312,000,000 in gross IPO proceeds placed in trust for future acquisition; no current revenue or earnings
Risk Factors
- No identified target — shareholder value depends entirely on future acquisition quality.
- Shareholder redemptions at the time of a business combination could reduce available trust cash.
- If no deal closes within 24-27 months, the SPAC will liquidate and shares will redeem at trust value (~$10/share less expenses).
- Warrant dilution if exercised; warrants require a $11.50/share strike price post-business combination.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-002078 |
| Document: 9999999995-26-002078-index.html | 9999999995-26-002078 |
| Document: 9999999995-26-002078.txt | 9999999995-26-002078 |
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 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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