Gores Holdings XI closes $358.8 million IPO
Gores Holdings XI, Inc. has closed its initial public offering, raising $358,800,000 through the sale of 35,880,000 units at $10.00 each. The offering included the full exercise of the underwriter's over-allotment option for 4,680,000 units. The units are trading on Nasdaq under the symbol GHXIU.
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Gores Holdings XI, Inc. has closed its initial public offering of 35,880,000 units at $10.00 per unit, generating gross proceeds of $358,800,000. The blank check company, sponsored by an affiliate of The Gores Group, LLC, included 4,680,000 units issued pursuant to the full exercise by the underwriter of its over-allotment option. The units commenced trading on the Nasdaq Global Market under the ticker symbol GHXIU on June 23, 2026.
Each unit consists of 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 acted as the sole underwriter for the offering. The underwriter fully utilized its 45-day option to purchase additional units to cover over-allotments. The offering was conducted solely by means of a prospectus, and a registration statement relating to the securities became effective on June 22, 2026, in accordance with Section 8(a) of the Securities Act of 1933, as amended.
Key Offering Details
| Component | Details |
|---|---|
| Total Units | 35,880,000 |
| Price per Unit | $10.00 |
| Total Proceeds | $358,800,000 |
| Ticker Symbol (Units) | GHXIU |
| Ticker Symbol (Shares) | GHXI |
| Ticker Symbol (Warrants) | GHXIW |
| Warrant Exercise Price | $11.50 per share |
| Underwriter | Santander |
| Over-allotment Option | 4,680,000 units |
What sectors or industries is Gores Holdings XI targeting for its potential business combination?
How will the funds raised be allocated during the trust period prior to a merger announcement?
What is the expected timeline for the units to separate into Class A ordinary shares and warrants?
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