Gores Holdings X, Inc. ownership disclosure: Fort Baker Capital Management LP reports beneficial ownership of 2,315,190 Class A ordinary shares, representing 6.4% of the class. The filing cites 36,105,000 Class A shares outstanding as of March 27, 2026 from the issuer's Form 10-K.
The Schedule 13G is filed jointly by Fort Baker Capital Management LP, Fort Baker Capital, LLC and Steven Patrick Pigott, who is identified as Chief Investment Officer and reports shared voting and dispositive power over the disclosed shares.
Positive
None.
Negative
None.
Insights
Institutional investor reports a 6.4% position with shared control.
The filing shows Fort Baker Capital Management LP holds 2,315,190 shares with shared voting and dispositive power, reported jointly with its GP and an individual associated with the advisor. The reporting persons disclaim group membership beyond their stated relationship.
Holder influence depends on voting alignment with other holders; subsequent Schedule 13D/F or Form 4 filings would provide material changes to activism or transactional intent.
Position size disclosed relative to issuer's outstanding shares provides scale.
The filing binds the 2,315,190-share position to an outstanding base of 36,105,000 shares as of March 27, 2026, yielding 6.4%. The stake is reported under Schedule 13G form conventions rather than Schedule 13D.
Future filings that change the ownership percentage, voting power, or transaction activity would be the primary signals investors might track.
Key Figures
Reported shares beneficially owned:2,315,190 sharesPercent of class:6.4%Shares outstanding (source):36,105,000 shares
3 metrics
Reported shares beneficially owned2,315,190 sharesSchedule 13G beneficial ownership reported by Fort Baker Capital Management LP
Percent of class6.4%Calculated from 36,105,000 Class A shares outstanding as of March 27, 2026
Shares outstanding (source)36,105,000 sharesIssuer's Form 10-K cited as of March 27, 2026
"Joint filing reporting passive or qualifying institutional ownership"
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.
Shared Dispositive Powerregulatory
"Shared power to dispose or to direct the disposition of: 2,315,190"
Beneficial Ownershipregulatory
"Amount beneficially owned: Fort Baker Capital Management LP directly holds 2,315,190"
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.
What stake does Fort Baker Capital Management hold in GTEN?
Fort Baker Capital Management LP holds 2,315,190 Class A shares, representing 6.4% of the class. This percentage is calculated from the issuer's stated 36,105,000 shares outstanding as of March 27, 2026 in the Form 10-K.
Who filed the Schedule 13G for GTEN?
The Schedule 13G was filed jointly by Fort Baker Capital Management LP, Fort Baker Capital, LLC, and Steven Patrick Pigott. The filing lists a common business address in Larkspur, California for the reporting persons.
Does the filing indicate sole control of the shares?
No. The filing shows 0 sole voting power and reports 2,315,190 shared voting and dispositive power, indicating shared control rather than exclusive authority to vote or dispose of the shares.
What is the ownership calculation source for the 6.4% figure?
The 6.4% percent is derived from the issuer's Form 10-K, which stated 36,105,000 Class A shares outstanding as of March 27, 2026; the filing cites that figure for its percentage calculation.
Does the filing signal active intent like an acquisition or sale?
The Schedule 13G format and disclosed items report ownership and shared powers but do not state any acquisition, sale, or activist intent. No transaction activity or change in holdings is described in the excerpt.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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)
03/31/2026
(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
2,315,190.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,315,190.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,315,190.00
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)
6.4 %
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
2,315,190.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,315,190.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,315,190.00
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)
6.4 %
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
2,315,190.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,315,190.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,315,190.00
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)
6.4 %
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 Number(s):
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 2,315,190 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 of percentage of beneficial ownership in Item 11 was derived from the Issuer's annual report on Form 10-K filed with the Securities and Exchange Commission on March 30, 2026, in which the Issuer stated that the number of Class A ordinary shares outstanding was 36,105,000 as of March 27, 2026.
(b)
Percent of class:
Fort Baker Capital Management LP: 6.4%
Steven Patrick Pigott: 6.4%
Fort Baker Capital, LLC: 6.4%
(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: 2,315,190
Steven Patrick Pigott: 2,315,190
Fort Baker Capital, LLC: 2,315,190
(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: 2,315,190
Steven Patrick Pigott: 2,315,190
Fort Baker Capital, LLC: 2,315,190
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.
