secwatch.observer — SEC 8-K summary
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Issuer:     Gores Holdings X, Inc. / CI (GTEN)
CIK:        0001986817
Form:       8-K
Filed at:   2026-11-09T21:55:34+00:00
Accession:  0001193125-26-453778
Event type: regulatory
Sentiment:  negative
Materiality: 0.55
Item codes: 4.02
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1986817/000119312526453778/0001193125-26-453778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1986817/000119312526453778/ck0001986817-20261109.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-453778

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