Gores Holdings X, Inc.’s Lock-Up Period Will End on October 29th (NASDAQ:GTENU)

Gores Holdings X’s (NASDAQ:GTENU) lock-up period is set to end on Wednesday, October 29th. Gores Holdings X had issued 31,200,000 shares in its IPO on May 2nd. The total size of the offering was $312,000,000 based on an initial share price of $10.00. After the expiration of Gores Holdings X’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Gores Holdings X Trading Up 1.9%

GTENU opened at $10.55 on Wednesday. The company’s 50 day simple moving average is $10.40. Gores Holdings X has a one year low of $10.07 and a one year high of $11.32.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Clear Street LLC bought a new position in Gores Holdings X in the second quarter worth approximately $745,000. HBK Investments L P bought a new position in Gores Holdings X in the second quarter worth approximately $5,195,000. Calamos Advisors LLC bought a new position in Gores Holdings X in the second quarter worth approximately $7,273,000. LMR Partners LLP bought a new position in Gores Holdings X in the second quarter worth approximately $7,273,000. Finally, Moore Capital Management LP bought a new position in Gores Holdings X in the second quarter worth approximately $12,728,000.

Gores Holdings X Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.