Gores Holdings X reports 20.3% ownership stake
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Rhea-AI Filing Summary
Gores Holdings X Schedule 13G: Reporting persons Gores Sponsor X LLC, AEG Holdings, LLC and Alec Gores disclose beneficial ownership of 9,120,000 Class A ordinary shares (consisting of 225,000 Class A shares and 8,895,000 Class A shares issuable upon conversion of Class B shares). The filing states this equals approximately 20.3% of Class A ordinary shares based on 36,105,000 shares outstanding as of August 12, 2025. Class B shares will automatically convert into Class A shares at the time of the issuer's initial business combination or earlier at the holder's option, on a one-for-one basis, subject to adjustment. The Schedule 13G is signed by Alec Gores on March 13, 2026.
Insights
Large sponsor position of 20.3% disclosed, held via Class B conversion mechanics.
Gores Sponsor X LLC and affiliated entities report beneficial ownership of 9,120,000 shares, including 8,895,000 shares convertible from Class B into Class A on a one-for-one basis at an initial business combination. The filing ties the 20.3% figure to August 12, 2025 outstanding shares.
The stake is concentrated and structured through conversion rights; future voting and economic exposure will depend on conversion timing and any adjustments described in the registration statement. Subsequent filings will show material changes if conversions or dispositions occur.
Schedule 13G reports beneficial ownership and attributes shared voting/dispositive power to the Reporting Persons.
The disclosure states shared voting and dispositive power over 9,120,000 shares, with 225,000 Class A currently held and 8,895,000 Class A issuable upon conversion of Class B. The conversion mechanics are described in the issuer's Form S-1 (File No. 333-286495).
Filing formalities are completed with signatures dated March 13, 2026. Any change in ownership, conversion, or sale must be reflected in subsequent filings as required by applicable reporting rules.
FAQ
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What stake does Gores Sponsor X LLC report in GTEN?
Who signed the Schedule 13G disclosing this position?
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