GTEN

Gores Holdings X, Inc. operates as a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Headquartered in Boulder, Colorado, the company was incorporated in 2021 and is part of The Gores Group portfolio of blank check companies. As a SPAC, Gores Holdings X does not have operations of its own but rather seeks to identify and merge with a target company, typically in the technology, media, telecommunications, or business services sectors, which aligns with The Gores Group's investment expertise. The company completed its initial public offering in January 2022, raising capital to fund its acquisition strategy. Gores Holdings X is led by a management team with extensive experience in private equity, mergers and acquisitions, and operational transformation. The SPAC structure allows the company to raise funds from public markets while searching for a suitable merger candidate, with investors receiving shares in the combined entity upon completion of a business combination. Until a merger is consummated, the company maintains its funds in a trust account. The Gores Group, founded by Alec Gores, has sponsored multiple successful SPAC transactions across various industries, bringing operational expertise and strategic guidance to target companies.