Gores Holdings XI, Inc. has priced its initial public offering of 31,200,000 units at $10.00 per unit, aiming to raise $312 million. The blank check company, sponsored by an affiliate of The Gores Group, intends to use the proceeds for a merger, share exchange, asset acquisition, or similar business combination. The units are scheduled to begin trading on the Nasdaq Global Market under the ticker symbol GHXIU on June 23, 2026.

Each unit issued in the offering comprises one Class A ordinary share and one-fourth of one warrant. Once the securities begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq Global Market under the symbols GHXI and GHXIW, respectively. Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share.

Santander is acting as the sole underwriter for the offering. The company has granted the underwriter a 45-day option to purchase up to an additional 4,680,000 units at the initial public offering price to cover over-allotments. This option provides flexibility to manage excess demand for the securities.

The Securities and Exchange Commission declared the registration statement relating to these securities effective on June 22, 2026. The offering is being conducted solely by means of a prospectus, which will be available when the offering is completed. The company stated that the press release does not constitute an offer to sell or the solicitation of an offer to buy in any jurisdiction where such activity would be unlawful prior to registration or qualification.

Key Offering Details