GTENU

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. The company was incorporated in 2021 and is headquartered in Boulder, Colorado. Gores Holdings X represents the tenth SPAC sponsored by The Gores Group, a private equity firm known for its focus on acquiring and partnering with mature, industry-leading businesses. The company completed its initial public offering in February 2022, raising approximately $345 million in gross proceeds. GTENU represents units that initially consisted of one share of Class A common stock and one-fifth of one redeemable warrant, with each whole warrant exercisable for one share of Class A common stock at $11.50 per share. Like other SPACs in the Gores family, the vehicle operates with a defined timeline to identify and complete a business combination, typically targeting companies in the industrials, technology, telecommunications, media, or business services sectors. The Gores Group's previous SPACs have completed mergers with companies including Verra Mobility, Hostess Brands, and Buzz, demonstrating a track record of executing transactions across various industries. As of now, Gores Holdings X continues to evaluate potential merger candidates while maintaining its trust account for the benefit of public shareholders.