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AI brief of an SEC Form 8-K · Gores Holdings X, Inc. / CI (GTEN)

Gores Holdings X closes $358.8 million IPO of 35,880,000 units

Neutral Impact 4 of 5 financing Written later

Gores Holdings X, a blank check company, closed its initial public offering on May 5, 2025, selling 35,880,000 units at $10.00 each for gross proceeds of $358,800,000, including the full exercise of the underwriter's over-allotment option. The company says the proceeds were placed in a U.S.-based trust account and are generally not released to the company until a business combination, a shareholder-vote redemption, or a failure to complete a business combination within the Completion Window, apart from limited interest withdrawals. The filing also reports a $2,250,000 private placement of shares to the sponsor and the appointment of three new directors.

Key points

  • IPO of 35,880,000 units at $10.00 per unit, including 4,680,000 units from full over-allotment exercise, closed May 5, 2025
  • $358,800,000 placed in a trust account maintained by Computershare Trust Company, N.A., as trustee
  • Sponsor Gores Sponsor X LLC bought 225,000 private placement shares at $10.00 each, for approximately $2,250,000
  • Units began trading on Nasdaq as GTENU on May 2, 2025; Randall Bort, Nancy Tellem and Elizabeth Marcellino were appointed directors on May 1, 2025

The filing

CompanyGores Holdings X, Inc. / CI (GTEN)
Form8-K, current report
Filed with the SECMay 6, 2025, 5:03 PM ET
Accession number0001193125-25-113882

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, 11:46 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 May 06, 2025.

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.