Gores Holdings X Inc. (NASDAQ:GTENU) announced the pricing of its upsized $312 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTENU”, Friday, May 2, 2025.
The new SPAC aims to combine with a target company in the industrials, technology, healthcare, or consumer sectors.
Gores X’s management team is led by Chairman Alec Gores, Chief Executive Officer Mark R. Stone and Chief Financial Officer and Secretary Andrew McBride. The Board also includes Randall Bort, Nancy Tellem and Elizabeth Marcellino.
Total SPAC deal count for 2025 year-to-date is now 34. This offering is expected to close on Monday, May 5, 2025.
Santander US Capital Markets LLC is acting as the sole underwriter for the offering. Weil, Gotshal & Manges LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Computershare Trust Company, N.A. is acting as trustee.
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