Gores Holdings XI closes $358.8M IPO on Nasdaq

Gores Holdings XI, Inc. (NASDAQ: GHXI), a blank check company sponsored by an affiliate of The Gores Group, LLC, has closed its initial public offering of 35,880,000 units at $10.00 per unit, generating gross proceeds of $358.8 million before deducting underwriting discounts, commissions, and other expenses.

The total unit count includes 4,680,000 units issued following the full exercise of the underwriter's over-allotment option. Santander acted as the sole underwriter for the offering.

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, with each whole warrant entitling the holder to purchase one Class A ordinary share at $11.50 per share. Once the securities begin separate trading, the Class A ordinary shares and warrants are expected to trade under the symbols GHXI and GHXIW, respectively.

Gores Holdings XI was formed for the purpose of completing a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The registration statement for the offering became effective on June 22, 2026, under Section 8(a) of the Securities Act of 1933.

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