Corporate ActionJun 30, 2026, 05:32 PM
Gores Holdings XI Completes IPO and Private Placement, Raising $361M
AI Summary
Gores Holdings XI, Inc. announced the successful consummation of its Initial Public Offering (IPO) and a concurrent private placement. The IPO involved the sale of 35,880,000 units, including the full exercise of the over-allotment option, generating gross proceeds of $358,800,000. Simultaneously, the company completed a private placement of 225,000 Class A Ordinary Shares to its sponsor, raising an additional $2,250,000. A total of $358,800,000 from these offerings has been placed in a trust account for future business combinations.
Key Highlights
- Completed Initial Public Offering (IPO) of 35,880,000 units.
- Generated gross proceeds of $358,800,000 from the IPO.
- Completed private sale of 225,000 Class A Ordinary Shares to sponsor.
- Generated gross proceeds of $2,250,000 from the private placement.
- Total of $358,800,000 placed in a trust account.
- Underwriter's deferred discount of $10,764,000.
- Advisory fee of $10,764,000 payable upon business combination.
Price Impact
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