Gores Holdings XI, Inc.

Gores Holdings XI, Inc. announced the closing of its initial public offering (IPO) of 35,880,000 units, which included the full exercise of the underwriter's over-allotment option. The offering generated gross proceeds of $358,800,000. Concurrently, the company completed a private placement of 225,000 Class A ordinary shares to its Sponsor for $2,250,000. Additionally, Randall Bort, Keith Covington, and Elizabeth Marcellino were appointed to the Board of Directors, with specific committee assignments.