SCHEDULE: Gores Holdings X: Sponsor Group Discloses 20.3% Stake

Gores Sponsor X LLC, AEG Holdings, LLC, and Alec Gores collectively reported beneficial ownership of 20.3% of Gores Holdings X, Inc.'s Class A ordinary shares.

Summary

• Gores Sponsor X LLC, AEG Holdings, LLC, and Alec Gores (collectively, the "Reporting Persons") beneficially own an aggregate of 9,120,000 shares of Gores Holdings X, Inc. Class A ordinary shares.
• This aggregate amount consists of 225,000 Class A ordinary shares and 8,895,000 Class A ordinary shares that are acquirable upon conversion of 8,895,000 Class B ordinary shares.
• The Class B ordinary shares will automatically convert into Class A ordinary shares on a one-for-one basis at the time of the Issuer's initial business combination, or earlier at the option of the holder.
• The Reporting Persons' beneficial ownership represents approximately 20.3% of the Class A ordinary shares, calculated based on 36,105,000 Class A ordinary shares issued and outstanding as of August 12, 2025, and assuming the conversion of all Class B ordinary shares held by Gores Sponsor X LLC.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a routine disclosure of beneficial ownership by the sponsor group, which is expected for a SPAC and does not inherently signal positive or negative operational or financial performance.

Positives

• The significant beneficial ownership of 20.3% by the sponsor group (Gores Sponsor X LLC, AEG Holdings, LLC, and Alec Gores) indicates strong alignment of interests with other shareholders for the success of the company's initial business combination.

Risks

• The conversion of 8,895,000 Class B ordinary shares into Class A ordinary shares upon the initial business combination or earlier could lead to an increase in the total number of Class A shares outstanding, potentially impacting per-share metrics.

Future Outlook

Class B ordinary shares held by the reporting persons are expected to automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis.

Industry Context

StockSavvy.ai notes that this Schedule 13G filing is a standard regulatory disclosure for a SPAC sponsor group, confirming their significant beneficial ownership. Such filings are common and provide transparency regarding the ownership structure of the special purpose acquisition company.

Stakeholder Impact

• Shareholders are informed of the significant beneficial ownership held by the sponsor group, providing transparency on the company's control structure.

Next Steps

• Conversion of Class B ordinary shares into Class A ordinary shares upon the Issuer's initial business combination.

Key Dates

Recommendation

The Schedule 13G filing is a routine disclosure of beneficial ownership by the sponsor group. It confirms the sponsor's significant stake, which is generally expected for a SPAC, and does not introduce new information that would warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate as this filing does not alter the fundamental outlook for the company.

Keywords

Gores Holdings X, SPAC, Schedule 13G, Beneficial Ownership, Class A Shares, Class B Shares, Gores Sponsor X LLC, AEG Holdings, Alec Gores, Corporate Governance