Gores Holdings X, Inc.’s Lock-Up Period To End Tomorrow (NASDAQ:GTENU)

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

Gores Holdings X Price Performance

Shares of GTENU stock opened at $10.51 on Tuesday. The business’s 50-day moving average price is $10.42. Gores Holdings X has a 12-month low of $10.07 and a 12-month high of $11.32.

Institutional Trading of Gores Holdings X

Several hedge funds have recently added to or reduced their stakes in GTENU. Calamos Advisors LLC bought a new stake in Gores Holdings X in the second quarter worth $7,273,000. HBK Investments L P bought a new stake in shares of Gores Holdings X in the 2nd quarter valued at about $5,195,000. Clear Street LLC bought a new stake in shares of Gores Holdings X in the 2nd quarter valued at about $745,000. AQR Arbitrage LLC bought a new stake in shares of Gores Holdings X in the 2nd quarter valued at about $15,585,000. Finally, LMR Partners LLP bought a new stake in shares of Gores Holdings X in the 2nd quarter valued at about $7,273,000.

About Gores Holdings X

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.