Adage Capital reports 2.8M-share position in Gores Holdings XI (GHXIU) units
Rhea-AI Filing Summary
Adage Capital Management, L.P. and related parties report a significant passive stake in Gores Holdings XI, Inc. The group, including Adage Capital Management, L.P., Robert Atchinson, and Phillip Gross, reports beneficial ownership of 2,808,000 Class A Ordinary Shares of Gores Holdings XI, Inc.
This represents 7.78% of the company’s 36,105,000 Class A Ordinary Shares outstanding after completion of the offering and full exercise of the underwriters’ over-allotment option. Voting and dispositive power over these shares is reported on a shared basis, with no sole voting or dispositive power indicated for any reporting person.
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Key Figures
Shares beneficially owned: 2,808,000 Class A Ordinary Shares
Ownership percentage: 7.78%
Shares outstanding: 36,105,000 Class A Ordinary Shares
+3 more
6 metrics
Shares beneficially owned
2,808,000 Class A Ordinary Shares
Beneficial ownership reported by the Adage reporting persons
Ownership percentage
7.78%
Percentage of Class A Ordinary Shares of Gores Holdings XI, Inc.
Shares outstanding
36,105,000 Class A Ordinary Shares
Outstanding after offering and full exercise of over-allotment option
Shared voting power
2,808,000
Shares over which reporting persons have shared voting power
Shared dispositive power
2,808,000
Shares over which reporting persons have shared dispositive power
CUSIP for units
G40008123
CUSIP for units including the Class A Ordinary Shares
Key Terms
beneficial ownership, shared voting power, shared dispositive power, over-allotment option, +1 more
5 terms
beneficial ownership financial
"as to beneficial ownership of the securities reported herein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
over-allotment option financial
"after giving effect to the completion of the offering and the full exercise of the underwriters' over-allotment option"
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.
Schedule 13G regulatory
"Ownership of more than 5 Percent on Behalf of Another Person."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What percentage of Gores Holdings XI, Inc. (GHXIU) does Adage Capital own?
Adage Capital and related reporting persons report beneficial ownership of 7.78% of Gores Holdings XI, Inc.’s Class A Ordinary Shares, based on 36,105,000 shares outstanding after the offering and full exercise of the underwriters’ over-allotment option.
Who are the reporting persons in the Gores Holdings XI, Inc. (GHXIU) Schedule 13G?
The reporting persons are Adage Capital Management, L.P., and individuals Robert Atchinson and Phillip Gross. Adage Capital Management acts as investment manager to Adage Capital Partners, L.P., which directly holds the shares, with Atchinson and Gross in managing member roles.
What is the CUSIP associated with Gores Holdings XI, Inc. (GHXIU) in this Schedule 13G?
The Class A Ordinary Shares themselves have no separate CUSIP, but the CUSIP for the units that include these Class A Ordinary Shares is G40008123, as specified in the ownership disclosure section.
AI-generated analysis. How Rhea-AI works. Not financial advice.