Quarterly ResultJul 24, 2026, 04:33 PM
GHXI Reports Q2 2026 Net Loss of $905,902; IPO Raises $358.8M
AI Summary
Gores Holdings XI, Inc. (GHXI) reported a net loss of $905,902 for both the three and six months ended June 30, 2026. The company successfully completed its Initial Public Offering (IPO) on June 24, 2026, generating gross proceeds of $358.8 million from the sale of 35.88 million units. As a blank check company, GHXI has not yet commenced operations, with all activities related to its formation and the IPO, and proceeds are held in a Trust Account for a future Business Combination.
Key Highlights
- Net loss for the three and six months ended June 30, 2026, was $(905,902).
- Initial Public Offering (IPO) consummated on June 24, 2026, raising gross proceeds of $358,800,000.
- 35,880,000 units were sold in the IPO, including the full exercise of the over-allotment option.
- Investments held in Trust Account totaled $359,007,092 as of June 30, 2026.
- Total liabilities were $26,605,056 as of June 30, 2026.
- Total shareholders' deficit was $(25,274,263) as of June 30, 2026.
- Offering costs amounted to $22,556,484.
Price Impact
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