SCHEDULE: Gores Holdings XI, Inc. Ownership Update

Gores Sponsor XI LLC, AEG Holdings, LLC, and Alec Gores collectively hold a 20.3% stake in Gores Holdings XI, Inc., comprising Class A and convertible Class B shares.

Summary

• This filing is a Schedule 13G, an informational report for beneficial ownership of securities.
• The reporting persons are Gores Sponsor XI LLC, AEG Holdings, LLC, and Alec Gores.
• They collectively beneficially own 9,120,000 shares of Gores Holdings XI, Inc.
• This ownership includes 225,000 Class A ordinary shares and 8,895,000 Class A ordinary shares issuable upon conversion of Class B ordinary shares.
• The Class B shares are convertible on a one-for-one basis into Class A shares upon the company's initial business combination or earlier at the holder's option.
• This ownership stake represents approximately 20.3% of the outstanding Class A ordinary shares as of July 24, 2026.
• The percentage is calculated based on 36,105,000 Class A shares outstanding as of June 30, 2026, assuming full conversion of the Class B shares held by Gores Sponsor XI LLC.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, primarily indicating a significant ownership stake by key entities associated with the company's sponsor, which is typical for a SPAC post-IPO and pre-business combination.

Positives

• Significant ownership stake (20.3%) by key sponsor-related entities indicates continued commitment and alignment.
• The convertible nature of Class B shares provides flexibility for future conversion into Class A shares, potentially at a favorable time for the company's business combination.

Negatives

• The filing does not contain financial performance data, making it purely an ownership disclosure.
• The ownership percentage is based on a specific point in time and assumes conversion of all Class B shares, which may change.

Risks

• The primary risk is the uncertainty surrounding the company's initial business combination, which is a prerequisite for the full realization of the Class B share value.
• Potential dilution could occur if additional shares are issued in connection with the business combination or other corporate actions.

Future Outlook

The future outlook is tied to the successful completion of Gores Holdings XI, Inc.'s initial business combination. The Class B shares are designed to convert into Class A shares at this event, or earlier at the holder's option.

Management Comments

• The Reporting Persons may be deemed to beneficially own 225,000 Class A ordinary shares and 8,895,000 Class A ordinary shares that will be acquirable upon conversion of 8,895,000 Class B ordinary shares.
• Class B ordinary shares will 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 subject to adjustment.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for SPACs, particularly from sponsors and affiliated entities, to disclose significant ownership stakes. This filing is standard for a SPAC in its pre-business combination phase, confirming the substantial interest of its founding group.

Stakeholder Impact

• Shareholders: The confirmation of a significant stake by sponsor-related entities may provide some comfort regarding alignment of interests, but the ultimate impact depends on the success of the business combination.

Next Steps

• Completion of Gores Holdings XI, Inc.'s initial business combination.
• Potential conversion of Class B ordinary shares to Class A ordinary shares.

Key Dates

Keywords

Gores Holdings XI, Schedule 13G, Beneficial Ownership, SPAC, Special Purpose Acquisition Company, Class A Ordinary Shares, Class B Ordinary Shares, Gores Sponsor XI LLC