Welcome to our dedicated page for Gores Hldgs X news (Ticker: GTENU), a resource for investors and traders seeking the latest updates and insights on Gores Hldgs X stock.
The news page for Gores Holdings X, Inc. (GTENU) focuses on official announcements and market disclosures from this blank check company. Public communications describe Gores Holdings X, Inc. as a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC and formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
News items for GTENU often center on capital markets activity and structural updates to its securities. Examples in the available disclosures include announcements of the pricing and closing of its initial public offering of units on the Nasdaq Global Market, as well as details about the size of the offering and the role of Santander US Capital Markets LLC as sole underwriter. These announcements outline how the company has raised capital through the sale of units consisting of Class A ordinary shares and fractional warrants.
Another category of news relates to trading mechanics for the company’s securities. For instance, a current report on Form 8-K describes a press release announcing that holders of the company’s units may elect to separately trade the Class A ordinary shares and warrants beginning on a specified date. Such updates explain when and how units can be separated, the symbols under which the individual securities trade (GTEN for shares and GTENW for warrants), and the treatment of fractional warrants.
By reviewing the GTENU news feed, readers can follow developments that the company reports through press releases and related SEC filings, particularly those involving its initial public offering, unit structure and the commencement of separate trading for its shares and warrants.
Gores Holdings X (NASDAQ: GTENU) has successfully completed its upsized initial public offering, raising $358.8 million in gross proceeds. The company sold 35,880,000 units at $10.00 per unit, including 4,680,000 units from the full exercise of the underwriter's over-allotment option.
Each unit consists of one Class A ordinary share and one-fourth of one warrant, with each whole warrant allowing the purchase of one Class A ordinary share at $11.50. The units began trading on the Nasdaq Global Market on May 2, 2025. Once separate trading begins, the Class A shares and warrants will trade under symbols "GTEN" and "GTENW" respectively.
The blank check company, sponsored by a The Gores Group affiliate, aims to pursue a business combination with one or more businesses. Santander US Capital Markets LLC served as the sole underwriter for the offering.
Gores Holdings X (NASDAQ: GTENU) has announced the pricing of its upsized initial public offering of 31,200,000 units at $10.00 per unit, totaling $312 million. Each unit comprises one Class A ordinary share and one-fourth of one warrant, with each whole warrant allowing the purchase of one Class A ordinary share at $11.50.
The units will begin trading on the Nasdaq Global Market on May 2, 2025, under "GTENU". Once separate trading begins, the Class A shares and warrants will trade under "GTEN" and "GTENW" respectively. Santander US Capital Markets LLC is the sole underwriter and has a 45-day option to purchase up to 4,680,000 additional units to cover over-allotments.