GTENW

Gores Holdings X, Inc. operates as a special purpose acquisition company (SPAC) sponsored by The Gores Group, a global investment firm. The company completed its initial public offering in November 2021, raising approximately $345 million to pursue a merger, capital stock exchange, asset acquisition, or similar business combination with one or more businesses. GTENW represents the warrant units that trade separately from the common stock, giving holders the right to purchase shares at a predetermined price following a successful business combination. The Gores Group, founded by Alec Gores, manages the SPAC and brings extensive experience across multiple sectors including technology, telecommunications, business services, and industrials. As of its formation, Gores Holdings X focuses on identifying target companies in the technology, media, and telecommunications sectors, though it maintains flexibility to pursue opportunities across various industries. The company operates with a lean corporate structure typical of blank-check companies, with management provided by The Gores Group's team of investment professionals. The SPAC structure allows institutional and retail investors to participate in private equity-style transactions through publicly traded securities. Gores Holdings X continues its search for a qualified merger target while managing its trust account proceeds, which remain in interest-bearing securities until a business combination is completed or the company liquidates according to its charter provisions.