GTEN
Gores Holdings X, Inc.Financial Services·Shell Companies
$10.37
$467M market cap
Revenue
$0.0M
Free Cash Flow
$-0.8M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Gores Holdings X, Inc. operates as a blank check company. It was 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. The company was founded on June 26, 2023 and is headquartered in Boulder, CO.
2-Year Price History
$10.36+1.6%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.0 | 0.0 | 0.0 | 0.0 | -0.2 | -0.2 | -0.0 | 0.4 | 0.0 | 45.1 | 0.0% | -- | -- |
| Act | 2025-Q4 | 0.0 | -1.3 | -1.3 | 0.9 | -0.6 | -0.6 | -0.0 | 0.6 | 0.0 | 45.1 | -4.7% | -- | -- |
Valuation & Metrics
Market Stats
Price$10.37
Market Cap$467M
Enterprise Value$467M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield-0.2%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$0.9M
Free Cash Flow$-0.8M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC-2.3%
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)-63.4%
Need at least 2 settlement dates for chart
Employees
Headcount3
Revenue / Employee$0
Gross Profit / Employee$0
Cash Runway
6.3months
CRITICAL
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
73.2%(+21.9% YoY)
53 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.1%(+0.1% YoY)
1 filers
Vanguard, iShares, SPDR
Market makers
0.2%(+0.2% YoY)
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| METEORA CAPITAL, LLC | $26.8M | $10.27 | +$1.2M | +$26.8M | -6.1% | $69.12B |
| Fort Baker Capital Management LP | $23.7M | $10.30 | +$9.1M | +$23.7M | -1.0% | $974M |
| TENOR CAPITAL MANAGEMENT Co., L.P. | $20.5M | $10.39 | +$0 | +$20.5M | +5.7% | $1.50B |
| Alberta Investment Management Corp | $20.4M | $10.39 | +$0 | +$20.4M | -0.4% | $14.74B |
| Empyrean Capital Partners, LP | $15.1M | $10.21 | +$0 | +$15.1M | +3.3% | $2.82B |
| LINDEN ADVISORS LP | $15.1M | $10.36 | +$2.6M | +$15.1M | -7.0% | $1.89B |
| Sculptor Capital LP | $14.8M | $10.39 | +$0 | +$14.8M | +5.4% | $4.63B |
| MOORE CAPITAL MANAGEMENT, LP | $12.5M | $10.21 | +$0 | +$12.5M | +2.3% | $2.52B |
| AQR Arbitrage LLC | $10.8M | $10.21 | −$556K | +$10.8M | -0.0% | $5.11B |
| Magnetar Financial LLC | $10.5M | $10.39 | +$0 | +$10.5M | -0.8% | $9.54B |
| Polar Asset Management Partners Inc. | $10.2M | $10.39 | +$0 | +$10.2M | +1.8% | $3.16B |
| Centiva Capital, LP | $9.4M | $10.21 | −$1.5M | +$9.4M | +0.5% | $2.14B |
| GLAZER CAPITAL, LLC | $9.2M | $10.37 | +$1.6M | +$9.2M | +8.8% | $4.51B |
| D. E. Shaw & Co., Inc. | $9.2M | $10.39 | +$0 | +$9.2M | -0.3% | $118.02B |
| Verition Fund Management LLC | $9.1M | $10.37 | +$1.1M | +$9.1M | -0.4% | $9.73B |
| ARISTEIA CAPITAL LLC | $8.2M | $10.39 | +$0 | +$8.2M | +5.0% | $2.68B |
| MMCAP International Inc. SPC | $7.2M | $10.21 | +$0 | +$7.2M | -3.5% | $1.16B |
| LMR Partners LLP | $7.2M | $10.21 | +$0 | +$7.2M | -2.0% | $8.84B |
| PICTON MAHONEY ASSET MANAGEMENT | $7.2M | $10.21 | +$0 | +$7.2M | +1.4% | $9.44B |
| Governors Lane LP | $6.9M | $10.34 | +$0 | +$6.9M | +1.6% | $801M |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
+0.26%
avg per quarter
Holders (ex-self)
+0.28%
excl. this stock
Buyers (this Q)
-1.35%
13 buyers · $0.03B in
Sellers (this Q)
+0.69%
12 sellers · $0.01B out
alpha coverage: 99% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-7.1%
how holders react when this stock falls
On quiet Qs
-4.2%
−10% to +10% baseline
On rallies (+10%+)
-16.2%
how they react when this stock rises
Holders' portfolio flow this Q
+5.4%
inflows — adds are organic
Sellers' portfolio flow this Q
+1.5%
Sellers grew AUM elsewhere — opinionated cut of this stock.
Biggest decreases this quarter
Top-5 holders · 31.1%
METEORA CAPITAL, LLC--
Fort Baker Capital Management LP--
TENOR CAPITAL MANAGEMENT Co., L.P.--
Alberta Investment Management Corp--
Empyrean Capital Partners, LP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
METEORA CAPITAL, LLC2.6MFort Baker Capital Management LP2.3MAlberta Investment Management Corp2.0MTENOR CAPITAL MANAGEMENT Co., L.P.2.0MSculptor Capital LP1.4MEmpyrean Capital Partners, LP1.5MLINDEN ADVISORS LP1.5MCentiva Capital, LP917KMOORE CAPITAL MANAGEMENT, LP1.2MAQR Arbitrage LLC1.1M
Corporate
Order Flow (FINRA, ~3w lag)
6.5%retail+22.4pp
17.4%dark-0.3pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Gores Holdings X, Inc.: A Specialized Shell Vehicle with a $22 Million Deferred Liability Time Bomb
Overall Risk
7/10
Fraud
2/10
Dilution
9/10
Insolvency
8/10
Earnings Overstated
4/10
Hidden Liabilities
7/10
Legal
3/10
Audit Warnings
4/10
Hidden Upside
2/10
Contextually Acceptable
8/10