Gores Holdings XI, Inc. Announces Closing of $358.8 Million Initial Public Offering and Full Exercise of Over-Allotment Option
Gores Holdings XI, Inc. (the “Company”), a blank check company sponsored by an affiliate of The Gores Group, LLC, a global investment firm founded in 1987 by Alec Gores, and formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the closing of its initial public offering of 35,880,000 units, which includes 4,680,000 units issued pursuant to the full exercise by the underwriter of its over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $358,800,000, before deducting underwriting discounts and commissions and other offering expenses payable by the Company.
The Company’s units began 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. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq Global Market under the ticker symbols “GHXI” and “GHXIW,” respectively.
