Gores Holdings XI, Inc.’s (NASDAQ:GHXIU) Quiet Period To End on August 3rd

Gores Holdings XI’s (NASDAQ:GHXIU) quiet period is set to expire on Monday, August 3rd. Gores Holdings XI had issued 31,200,000 shares in its public offering on June 23rd. The total size of the offering was $312,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Gores Holdings XI to a “hold” rating in a research report on Saturday, July 4th.

Gores Holdings XI Price Performance

Shares of NASDAQ:GHXIU opened at $10.15 on Monday. Gores Holdings XI has a fifty-two week low of $10.03 and a fifty-two week high of $11.05.

Gores Holdings XI Company Profile

Gores Holdings XI, Inc is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not operate a traditional commercial business of its own prior to completing such a transaction.

The company was organized by The Gores Group, a private equity firm known for sponsoring acquisition vehicles focused on identifying and combining with an operating business.