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

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 IPO 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 that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

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

Gores Holdings XI Stock Up 0.1%

Shares of NASDAQ:GHXIU opened at $10.12 on Friday. Gores Holdings XI has a twelve month low of $10.03 and a twelve month high of $11.05.

About Gores Holdings XI

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.