[SCHEDULE 13G/A] Gores Holdings X, Inc. / CI Amended Passive Investment Disclosure
Fort Baker reports 9.3% stake in Gores Holdings X
Gores Holdings X, Inc. has a significant shareholder group led by Fort Baker Capital Management LP, which directly holds 3,346,482 Class A Ordinary Shares.
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Gores Holdings X, Inc. has a significant shareholder group led by Fort Baker Capital Management LP, which directly holds 3,346,482 Class A Ordinary Shares. This position represents 9.3% of the Class A Ordinary Shares, based on 36,105,000 shares outstanding as of July 24, 2026.
Fort Baker Capital Management LP, its general partner Fort Baker Capital, LLC, and Steven Patrick Pigott (Limited Partner/Chief Investment Officer) report shared voting and dispositive power over 3,346,482 shares and no sole voting or dispositive power. They file jointly, state they are not part of a group, and each disclaims beneficial ownership beyond their pecuniary interest.
Key Figures
Shares beneficially owned:3,346,482 Class A Ordinary SharesPercent of class:9.3%Shares outstanding:36,105,000 Class A Ordinary Shares+3 more
6 metrics
Shares beneficially owned3,346,482 Class A Ordinary SharesHeld by Fort Baker Capital Management LP
Percent of class9.3%Beneficial ownership of Class A Ordinary Shares by each reporting person
Shares outstanding36,105,000 Class A Ordinary SharesOutstanding as of July 24, 2026, per issuer’s Form 10-Q
Shared voting power3,346,482 sharesReported by each of the three reporting persons
Sole voting power0 sharesReported by each of the three reporting persons
Shared dispositive power3,346,482 sharesReported by each of the three reporting persons
"The calculation percentage of beneficial ownership in Item 11 was derived..."
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.
pecuniary interestfinancial
"Each also disclaims beneficial ownership... except to the extent of that person's pecuniary interest therein."
shared voting powerfinancial
"Shared Voting Power 3,346,482.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 3,346,482.00"
Schedule 13Gregulatory
"Reference is hereby made to Items 5-9 of this Schedule..."
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake in GTEN does Fort Baker Capital Management report on this Schedule 13G/A?
Fort Baker Capital Management LP reports 3,346,482 Class A Ordinary Shares of Gores Holdings X, Inc. (9.3% of the class). This percentage is based on 36,105,000 shares outstanding as of July 24, 2026, as stated by the issuer.
Who are the reporting persons on the GTEN Schedule 13G/A amendment?
The reporting persons are Fort Baker Capital Management LP, Steven Patrick Pigott, and Fort Baker Capital, LLC. Fort Baker Capital Management LP holds the shares; Pigott is Limited Partner/Chief Investment Officer, and Fort Baker Capital, LLC is the general partner.
What voting and dispositive power do the reporting persons have over GTEN shares?
Each reporting person reports 0 shares with sole voting or dispositive power and 3,346,482 shares with shared voting and shared dispositive power. The authority is held through Fort Baker Capital Management LP, with roles described for Pigott and Fort Baker Capital, LLC.
How was the 9.3% beneficial ownership in GTEN calculated?
The 9.3% ownership was derived using the issuer’s stated 36,105,000 Class A Ordinary Shares outstanding as of July 24, 2026, from its quarterly report on Form 10-Q. The reporting persons apply this share count to their 3,346,482-share position.
Do the reporting persons consider themselves part of a group in relation to GTEN?
The reporting persons state they are filing jointly, but not as members of a group. Each also disclaims beneficial ownership of the securities reported, except to the extent of that person’s pecuniary interest in the shares.
Where are the principal business offices of GTEN and the reporting persons located?
Gores Holdings X, Inc. has principal executive offices at 6260 Lookout Road, Boulder, Colorado 80301. The reporting persons’ principal business address is 700 Larkspur Landing Circle, Suite 275, Larkspur, CA 94939, for all three reporting entities/persons.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Gores Holdings X, Inc. / CI
(Name of Issuer)
Class A Ordinary Shares, par value $0.0001 per share
(Title of Class of Securities)
G4002F109
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G4002F109
1
Names of Reporting Persons
Fort Baker Capital Management LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,346,482.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,346,482.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,346,482.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.3 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
G4002F109
1
Names of Reporting Persons
Steven Patrick Pigott
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,346,482.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,346,482.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,346,482.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.3 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP Number(s):
G4002F109
1
Names of Reporting Persons
Fort Baker Capital, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,346,482.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,346,482.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,346,482.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.3 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Gores Holdings X, Inc. / CI
(b)
Address of issuer's principal executive offices:
6260 LOOKOUT ROAD, BOULDER, COLORADO, 80301.
Item 2.
(a)
Name of person filing:
Fort Baker Capital Management LP
Steven Patrick Pigott
Fort Baker Capital, LLC
(b)
Address or principal business office or, if none, residence:
The principal business address of each reporting person is 700 Larkspur Landing Circle, Suite 275, Larkspur, CA 94939.
(c)
Citizenship:
Fort Baker Capital Management LP: Delaware Limited Partnership
Steven Patrick Pigott: Citizen of the United States
Fort Baker Capital, LLC: Delaware Limited Liability Company
(d)
Title of class of securities:
Class A Ordinary Shares, par value $0.0001 per share
(e)
CUSIP No.:
G4002F109
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Reference is hereby made to Items 5-9 of this Schedule, which Items are incorporated by reference herein.
Fort Baker Capital Management LP directly holds 3,346,482 Class A ordinary shares. Steven Patrick Pigott acts as Limited Partner/Chief Investment Officer for Fort Baker Capital Management LP. Fort Baker Capital, LLC acts as General Partner for Fort Baker Capital Management LP.
The Reporting Persons are filing this Schedule 13G jointly, but not as members of a group, and each disclaims membership in a group. Each also disclaims beneficial ownership of the securities reported herein except to the extent of that person's pecuniary interest therein.
The calculation percentage of beneficial ownership in Item 11 was derived from the Issuer's quarterly report on Form 10-Q filed with the Securities and Exchange Commission on July 24, 2026, in which the Issuer stated that the number of Class A Ordinary Shares outstanding was 36,105,000 as of July 24, 2026.
(b)
Percent of class:
Fort Baker Capital Management LP: 9.3%
Steven Patrick Pigott: 9.3%
Fort Baker Capital, LLC: 9.3%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Fort Baker Capital Management LP: 0
Steven Patrick Pigott: 0
Fort Baker Capital, LLC: 0
(ii) Shared power to vote or to direct the vote:
Fort Baker Capital Management LP: 3,346,482
Steven Patrick Pigott: 3,346,482
Fort Baker Capital, LLC: 3,346,482
(iii) Sole power to dispose or to direct the disposition of:
Fort Baker Capital Management LP: 0
Steven Patrick Pigott: 0
Fort Baker Capital, LLC: 0
(iv) Shared power to dispose or to direct the disposition of:
Fort Baker Capital Management LP: 3,346,482
Steven Patrick Pigott: 3,346,482
Fort Baker Capital, LLC: 3,346,482
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
