Gores XI (GHXI)
Market Price (9/9/2026): $10.48 | Market Cap: $-Sector: Financials | Industry: Multi-Sector Holdings
Gores XI (GHXI)
Market Price (9/9/2026): $10.48Market Cap: $-Sector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 10% | Trading close to highsDist 52W High is -0.5%, Dist 3Y High is -0.5% Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -69% | Key risksGHXI key risks include [1] the failure to complete a business combination within its mandated timeframe, Show more. |
| Low stock price volatilityVol 12M is 10% |
| Trading close to highsDist 52W High is -0.5%, Dist 3Y High is -0.5% |
| Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -69% |
| Key risksGHXI key risks include [1] the failure to complete a business combination within its mandated timeframe, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Gores XI (GHXI) stock has remained largely at the same level since it went public on 8/13/2026 because of the following key factors:
1. Gores Holdings XI (GHXI) operates as a Special Purpose Acquisition Company (SPAC) and has not yet announced a definitive business combination.
As a "blank check" company, GHXI's stock typically trades around its initial public offering (IPO) price of $10.00 per unit until a target company for a merger or acquisition is identified and announced. The absence of a definitive merger agreement or a significant business development since its Class A ordinary shares began separate trading on August 13, 2026, has limited price speculation and kept the stock stable.
2. The stock price is supported by the trust account, offering a redemption value.
A significant portion of the IPO proceeds, totaling approximately $359.0 million as of fiscal Q2 2026 (June 30, 2026), is held in a U.S. Treasury-focused Trust Account. This trust account provides a floor for the stock price, as shareholders generally have the option to redeem their shares for approximately $10.00 per share in connection with a business combination or liquidation, effectively limiting downside risk in the absence of a deal.
Show more
Gores XI (GHXI) stock has remained largely at the same level since it went public on 8/13/2026 because of the following key factors:
1. Gores Holdings XI (GHXI) operates as a Special Purpose Acquisition Company (SPAC) and has not yet announced a definitive business combination.
As a "blank check" company, GHXI's stock typically trades around its initial public offering (IPO) price of $10.00 per unit until a target company for a merger or acquisition is identified and announced. The absence of a definitive merger agreement or a significant business development since its Class A ordinary shares began separate trading on August 13, 2026, has limited price speculation and kept the stock stable.
2. The stock price is supported by the trust account, offering a redemption value.
A significant portion of the IPO proceeds, totaling approximately $359.0 million as of fiscal Q2 2026 (June 30, 2026), is held in a U.S. Treasury-focused Trust Account. This trust account provides a floor for the stock price, as shareholders generally have the option to redeem their shares for approximately $10.00 per share in connection with a business combination or liquidation, effectively limiting downside risk in the absence of a deal.
3. The very short trading history as a standalone stock provides limited catalysts for significant movement.
Gores Holdings XI's Class A ordinary shares (GHXI) have only been trading separately on the Nasdaq Global Market since August 13, 2026. This short period, less than three weeks, is typically insufficient for a SPAC to experience substantial price volatility unless a major event, such as a merger announcement or significant insider activity, occurs. As of August 28, 2026, GHXI shares had increased by only 0.2% from their August 13, 2026, price of $9.95, trading at $9.97, reflecting this initial stability.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
5/31/2026 to 9/8/2026| Return | Correlation | |
|---|---|---|
| GHXI | ||
| Market (SPY) | 1.3% | 27.3% |
| Sector (XLF) | 11.1% | -4.8% |
Fundamental Drivers
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Market Drivers
2/28/2026 to 9/8/2026| Return | Correlation | |
|---|---|---|
| GHXI | ||
| Market (SPY) | 12.0% | 27.3% |
| Sector (XLF) | 12.0% | -4.8% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 9/8/2026| Return | Correlation | |
|---|---|---|
| GHXI | ||
| Market (SPY) | 19.8% | 27.3% |
| Sector (XLF) | 7.4% | -4.8% |
Fundamental Drivers
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Market Drivers
8/31/2023 to 9/8/2026| Return | Correlation | |
|---|---|---|
| GHXI | ||
| Market (SPY) | 76.1% | 27.3% |
| Sector (XLF) | 74.1% | -4.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GHXI Return | - | - | - | - | - | 2% | 2% |
| Peers Return | 0% | 0% | |||||
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| GHXI Win Rate | - | - | - | - | - | 100% | |
| Peers Win Rate | 50% | ||||||
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| GHXI Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | |||||||
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: KEYY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/8/2026 (YTD)
How Low Can It Go
GHXI has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
GHXI has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Gores XI (GHXI)
Gores XI (GHXI) is a Special Purpose Acquisition Company (SPAC), commonly known as a blank check company. Its primary and sole business purpose is to effect a business combination, such as a merger, acquisition, or share exchange, with one or more existing operating businesses. The company currently has no commercial operations, products, or services of its own and has not yet identified a specific target business for acquisition.
The company's strategy focuses on capitalizing on the extensive experience and operational expertise of its management team, led by Chairman Alec Gores, who boasts over 35 years in entrepreneurship, operations, and private equity. While Gores XI may pursue an acquisition opportunity in any business or industry, it intends to target companies that can benefit from its team's hands-on operational guidance and investment approach, aiming to enhance the acquired business's value post-combination.
Essentially, Gores XI's "service" is its management team's capability to identify and execute a strategic business combination. Its "market" comprises private companies across various sectors seeking to merge with a SPAC to become a publicly traded entity, with the ultimate goal of generating returns for its shareholders through a successful acquisition and subsequent operational improvements.
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- Facilitating Business Combinations: Gores XI is a blank check company whose sole purpose is to effect a merger, acquisition, or similar business combination with one or more operating businesses.
AI Analysis | Feedback
Gores XI (GHXI) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC). Its purpose is to raise capital through an initial public offering (IPO) and then use that capital to acquire or merge with an existing private company. As described in the background, it has not yet selected a business combination target and has not initiated any substantive discussions with potential targets.
Therefore, Gores XI does not currently have major customers that purchase products or services. Its "business" is to identify and acquire an operating company, not to sell goods or services itself.
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Alec Gores, Chairman
Alec Gores is the founder, Chairman, and Chief Executive Officer of The Gores Group, a global investment firm. He has over 35 years of experience as an entrepreneur, operator, and private equity investor. Throughout his career, Mr. Gores and his team have invested in more than 135 companies, utilizing a consistent, operationally-oriented investment strategy across diverse sectors. He is also the chairman of the board of Gores Holdings XI.
Mark R. Stone, Chief Executive Officer
Mark R. Stone serves as the Chief Executive Officer of Gores Holdings XI. He is a Senior Managing Director of The Gores Group. He has also served as Chief Executive Officer of Gores Holdings XII, Inc. since July 2026 and Gores Holdings X, Inc. since June 2023, indicating a pattern of managing special purpose acquisition companies (SPACs) formed by The Gores Group.
Andrew McBride, Chief Financial Officer and Secretary
Andrew McBride is the Chief Financial Officer and Secretary of Gores Holdings XI. He also holds the position of Senior Vice President, Finance & Tax at The Gores Group. Additionally, he has served as the Director of Finance/CFO for Gores Holdings X, Inc., demonstrating a pattern of managing finance for companies associated with The Gores Group.
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Share Issuance
- Gores Holdings XI, Inc. completed its initial public offering (IPO) on June 24, 2026.
- The IPO generated gross proceeds of $358,800,000 from the sale of 35,880,000 units at $10.00 per unit, which included the full exercise of the underwriter's over-allotment option.
- Each unit comprised one Class A ordinary share and one-fourth of one warrant.
Inbound Investments
- A total of $358,800,000 from the IPO proceeds, combined with a portion of private placement proceeds and underwriter deferred discounts, was deposited into a trust account to fund a future business combination.
- The company's sponsor purchased 225,000 Class A shares in a private placement, amounting to approximately $2,250,000.
Outbound Investments
- As a blank check company, Gores XI's primary strategic objective is to complete an initial business combination, such as a merger, share exchange, or asset acquisition, with another business.
- As of the current date, Gores XI has not yet identified a target or initiated substantive discussions for a business combination.
Capital Expenditures
- Gores Holdings XI, Inc. is a blank check company and currently has no or nominal operations.
- The company reported $0.00 Million in Capital Expenditure for the three months ending June 2026.
- Its Capex-to-Revenue ratio was 0.00 as of June 2026, reflecting no significant investments in physical assets.
Peer Outperformance in Multi-Sector Holdings
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Investment Banking & Brokerage | 13 | 7.7% | 133.2% | 144.2% | IBKR 492% · SNEX 244% · GS 189% |
| Reinsurance | 6 | 18.8% | 75.0% | 124.6% | SPNT 167% · RGA 134% · MTG 126% |
| Diversified Banks | 12 | 38.0% | 136.2% | 118.7% | CM 156% · JPM 152% · RY 144% |
| Life & Health Insurance | 20 | 14.7% | 55.5% | 96.7% | JXN 510% · UNM 316% · FG 218% |
| Multi-Sector Holdings ← | 5 | 4.3% | 55.1% | 81.6% | JONE 361% · JEF 86% · BRK-B 82% |
| Regional Banks | 265 | 25.4% | 85.8% | 68.6% | GCBC 361% · ESQ 353% · VBNK 321% |
| Property & Casualty Insurance | 42 | 8.9% | 73.2% | 64.8% | ASIC 2652900% · HRTG 439% · UVE 300% |
| Multi-line Insurance | 9 | 12.0% | 87.8% | 56.7% | GNW 189% · L 102% · SLF 90% |
| Consumer Finance | 30 | 9.2% | 86.6% | 34.4% | ENVA 593% · EZPW 398% · FCFS 173% |
| Financial Exchanges & Data | 15 | -4.4% | 18.5% | 26.7% | VIRT 214% · CBOE 152% · CME 77% |
| Insurance Brokers | 16 | -13.9% | -1.2% | 20.9% | LIFE 657% · ARX 89% · AJG 82% |
| Commercial & Residential Mortgage Finance | 13 | -42.7% | 35.2% | 19.9% | FNMA 505% · FMCC 490% · ESNT 65% |
| Diversified Financial Services | 4 | 0.5% | 9.3% | 17.3% | FRHC 161% · EQH 94% · TMS -59% |
| Asset Management & Custody Banks | 83 | -10.9% | 17.0% | 14.6% | WT 334% · VCTR 291% · SII 289% |
| Specialized Finance | 3 | 15.7% | 47.8% | -3.0% | EFC 35% · CACC -3% · HASI -13% |
| Mortgage REITs | 33 | -11.7% | 10.8% | -12.5% | NREF 57% · RITM 51% · DX 41% |
| Diversified Capital Markets | 21 | -21.0% | -4.5% | -38.8% | BTCS 614% · OPY 209% · LPLA 145% |
| Transaction & Payment Processing Services | 15 | -0.2% | -3.6% | -45.2% | V 68% · MA 67% · CPAY 54% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 9.98 |
| Mkt Cap | 0.3 |
| Rev LTM | - |
| Op Inc LTM | - |
| FCF LTM | - |
| FCF 3Y Avg | - |
| CFO LTM | - |
| CFO 3Y Avg | - |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | - |
| Rev Chg 3Y Avg | - |
| Rev Chg Q | - |
| QoQ Delta Rev Chg LTM | - |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | - |
| CFO/Rev 3Y Avg | - |
| FCF/Rev LTM | - |
| FCF/Rev 3Y Avg | - |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.04 | -0.16 | 0.18 | 0.31 | -0.46 | 0.09 |
| Up Beta | 0.96 | 1.06 | -0.26 | -0.61 | 0.88 | -0.06 |
| Down Beta | -0.61 | 0.93 | 0.31 | -0.34 | -1.18 | 0.10 |
| Up Capture | 20% | 10% | 6% | 2% | 1% | 0% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 5 | 5 | 5 | 5 | 5 | 5 |
| Down Capture | 24% | 9% | 5% | 3% | 2% | 1% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 5 | 5 | 5 | 5 | 5 | 5 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GHXI | |
|---|---|---|---|---|
| GHXI | 0.8% | 11.6% | 0.89 | - |
| Sector ETF (XLF) | 9.3% | 14.6% | 0.39 | -4.0% |
| Equity (SPY) | 19.4% | 12.8% | 1.11 | 27.9% |
| Gold (GLD) | 20.8% | 29.2% | 0.65 | 31.9% |
| Commodities (DBC) | 45.0% | 20.4% | 1.72 | 1.7% |
| Real Estate (VNQ) | 7.8% | 13.6% | 0.30 | 23.3% |
| Bitcoin (BTCUSD) | -28.1% | 43.9% | -0.63 | -7.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GHXI | |
|---|---|---|---|---|
| GHXI | 0.2% | 11.6% | 0.89 | - |
| Sector ETF (XLF) | 10.1% | 18.4% | 0.41 | -4.0% |
| Equity (SPY) | 12.6% | 17.2% | 0.56 | 27.9% |
| Gold (GLD) | 18.8% | 18.8% | 0.81 | 31.9% |
| Commodities (DBC) | 10.6% | 19.5% | 0.42 | 1.7% |
| Real Estate (VNQ) | 1.5% | 18.9% | -0.03 | 23.3% |
| Bitcoin (BTCUSD) | 11.1% | 52.6% | 0.39 | -7.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GHXI | |
|---|---|---|---|---|
| GHXI | 0.1% | 11.6% | 0.89 | - |
| Sector ETF (XLF) | 13.4% | 22.1% | 0.55 | -4.0% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 27.9% |
| Gold (GLD) | 12.2% | 16.3% | 0.61 | 31.9% |
| Commodities (DBC) | 7.9% | 18.1% | 0.36 | 1.7% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 23.3% |
| Bitcoin (BTCUSD) | 63.6% | 66.2% | 1.03 | -7.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-Sector Holdings Resources |
| McKinsey & Company Insights |
| Harvard Business Review |
| ValueWalk |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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