Gores Holdings XI completes $358.8M IPO; 35.88M units at $10.00 each

Gores Holdings XI, Inc.

IPO of 35,880,000 units at $10.00/unit, gross proceeds $358.8M; includes full exercise of over-allotment of 4,680,000 units.
Private placement of 225,000 Class A shares to sponsor Gores Sponsor XI LLC at $10.00/share, gross $2.25M.
Total of $358.8M placed in trust account with Equiniti Trust Company, LLC.
Company has 24 months (or 27 months if definitive agreement within 24 months) to complete initial business combination.
Audited balance sheet as of June 24, 2026 filed as Exhibit 99.1.

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