Gores Holdings XI, Inc. (GHXIW) Warrant
Each GHXIW warrant gives the holder the right to buy 1 share of Gores Holdings XI, Inc. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.01, below the strike, so the warrant is out of the money. Gores Holdings XI, Inc. has a market value of about $451.20M. Gores Holdings XI, Inc. is a SPAC (no deal announced yet). It must complete a deal by June 24, 2028 or the warrants expire worthless. There are 8.97M listed warrants; exercising all of them would add 19.9% to the 45.08M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $12.08
From the issuer's 424B4 (2026-06-23).
Company and stock
- Company
- Gores Holdings XI, Inc.
- Underlying stock
- GHXI
- Share price
- $10.01
- Market cap
- $451.20M
- Shares outstanding
- 45.08M
- Range since Aug 2026
- $9.95 – $10.11
- Change since Aug 2026
- +1%
- Value of all listed warrants
- $5.20M (1.2% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Grand Cayman
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.5800
- Price / model
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Dilution
- Shares outstanding
- 45.08M
- Listed warrants
- 8.97M
- Dilution if all exercised
- 19.9%
Warrant count from filing text: public warrants.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2028-06-24
- Latest possible deadline
- —
- Trust per share
- $10.00
- Sponsor
- Gores Sponsor XI LLC
- Sponsor's earlier SPACs
- 5 (2 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about GHXIW
When does the GHXIW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of GHXIW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many GHXIW warrants are outstanding?
8.97M listed warrants, equal to 19.9% dilution if all are exercised.
Related warrants
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