secwatch.observer — SEC 8-K summary
======================================

Issuer:     Gores Holdings XI, Inc. (GHXI)
CIK:        0002086438
Form:       8-K
Filed at:   2026-06-24T21:19:23+00:00
Accession:  0001193125-26-281284
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gores Holdings XI closes $358.8M IPO, including full over-allotment; appoints three directors
--------------------------------------------------------------------------------

- Gross proceeds of $358.8M from 35,880,000 units at $10.00/unit; full underwriter over-allotment exercised.
- $358.8M placed in trust for initial business combination within 24-month window; up to $600K/year interest released for working capital.
- Sponsor bought 225,000 private placement shares at $10.00/share for $2.25M via Section 4(a)(2).
- Appointed Randall Bort, Keith Covington, Elizabeth Marcellino to board; Bort Audit chair, Marcellino Compensation chair.
- Amended and restated memorandum and articles of association effective; new director indemnity agreements entered into.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2086438/000119312526281284/0001193125-26-281284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2086438/000119312526281284/d157295d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-281284

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer