Gores Holdings XI Completes $358.8M IPO and $2.25M Private Placement
GHXIU is trading near its 52-week low of $10.03 (1.2% above the low).
Summary
Gores Holdings XI, a SPAC, announced the successful completion of its initial public offering, raising $358.8 million, alongside a $2.25 million private placement.
Key Events · Financing and Capital Events · GHXIU
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Initial Public Offering Completed
Gores Holdings XI, Inc. consummated its IPO of 35,880,000 units at $10.00 per unit, generating gross proceeds of $358,800,000. The underwriter's over-allotment option was fully exercised.
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Concurrent Private Placement
Simultaneously with the IPO, the company completed a private sale of 225,000 Class A ordinary shares to its sponsor at $10.00 per share, generating gross proceeds of $2,250,000.
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Trust Account Funded
A total of $358,800,000 from the IPO proceeds and $250,000 from the private placement were placed into a trust account, providing the capital for future business combinations.
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Warrants Issued
Each unit consists of one Class A ordinary share and one-fourth of one warrant, with each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50.
Analysis · GHXIU · Real Estate & Construction
This filing announces the successful completion of Gores Holdings XI's initial public offering, raising $358.8 million, and a concurrent $2.25 million private placement. This event is critical as it establishes the SPAC's capital base, with $358.8 million placed into a trust account, providing the necessary funds for the company to pursue its primary objective of identifying and completing a business combination. The full exercise of the underwriter's over-allotment option indicates strong investor demand for the offering, and the stock trading near its 52-week high suggests a positive market reception.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GHXIU was trading at $10.15 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $362M. The 52-week trading range was $10.03 to $10.18. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.