Gores Holdings X restates Q3 2025 EPS, cites $27.5M accretion error and material weakness

Gores Holdings X, Inc. / CI

Audit Committee concluded Q3 2025 net loss per share of $(0.65) should have been $(0.04) due to a $27,471,919 overstatement of accretion
Error stemmed from allocating $31,069,071 year-to-date accretion instead of the three-month $3,597,152 for Class A shares subject to redemption
Nine-month diluted Class B weighted average shares corrected to 8,438,571 from 8,970,000; diluted net loss per Class B share now $(1.10)
Company identified a material weakness in review controls over net income/(loss) per share; disclosure controls deemed not effective as of September 30, 2026
No amendment to the Q3 2025 Form 10-Q will be filed; restated figures appear as comparatives in the Q3 2026 Form 10-Q filed November 9, 2026

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