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AI brief of an SEC Form 8-K · Gores Holdings XI, Inc. (GHXI)

Gores Holdings XI closes $358.8 million IPO, including full over-allotment option

Neutral Impact 3 of 5 financing Written later

Gores Holdings XI, Inc., a blank check company, closed its initial public offering on June 24, 2026, selling 35,880,000 units at $10.00 each for gross proceeds of $358.8 million, including the underwriter's full exercise of its over-allotment option. The filing states that the full $358.8 million, including $10.8 million of deferred underwriter discount, was placed in a U.S.-based trust account, and that the funds generally cannot be released until a business combination is completed, shareholders vote on certain charter changes, or the company liquidates.

Key points

  • 35,880,000 units sold at $10.00 per unit, including 4,680,000 over-allotment units, for gross proceeds of $358.8 million
  • $358.8 million placed in a trust account maintained by Equiniti Trust Company, LLC
  • Sponsor Gores Sponsor XI LLC bought 225,000 private placement Class A ordinary shares for about $2.25 million
  • Units began trading on Nasdaq as GHXIU on June 23, 2026; Randall Bort, Keith Covington and Elizabeth Marcellino joined the board

The filing

CompanyGores Holdings XI, Inc. (GHXI)
Form8-K, current report
Filed with the SECJun 24, 2026, 5:19 PM ET
Accession number0001193125-26-281284

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale5.02 Director / Officer Change5.03 Bylaw / Charter Amendment8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 24, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.