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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 35.88 million units on May 5, 2025

Neutral Impact 3 of 5 financing Written later

Gores Holdings X, Inc., a blank check company, completed its initial public offering on May 5, 2025, selling 35,880,000 units at $10.00 each for gross proceeds of $358,800,000. The proceeds are held in a trust account until the company completes a business combination, and the company must do so within 24 months of the IPO closing, or 27 months if it has signed a definitive agreement within that period.

Key points

  • 35,880,000 units sold, including 4,680,000 units from the full exercise of the underwriter's over-allotment option
  • $358,800,000 placed in a trust account maintained by Computershare Trust Company, N.A.
  • 225,000 private placement shares sold to sponsor Gores Sponsor X LLC for approximately $2,250,000
  • Audited balance sheet as of May 5, 2025 filed as Exhibit 99.1, showing cash of $1,539,377 and total assets of $360,339,377

The filing

CompanyGores Holdings X, Inc. / CI (GTEN)
Form8-K, current report
Filed with the SECMay 9, 2025, 4:36 PM ET
Accession number0001193125-25-116922

Items reported: 8.01 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 09, 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.