Fri, Jun 13, 8:33 PM (31 days ago)
**Gores Holdings X, Inc. (GTEN) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** No revenue generated as the company is in the pre-operational phase. - **Profit Margins:** Reported a net loss of $54,039 for Q1 2025, compared to no income or expenses in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $0 for Q1 2025, with $2,774 in cash and no cash equivalents as of March 31, 2025. - **Earnings Changes:** The net loss per ordinary share was $0.01 for Q1 2025. **Key Financial Metrics & Trends:** - **Total Assets:** $1,912,809 (March 31, 2025) vs. $1,184,632 (December 31, 2024). - **Total Liabilities:** $2,006,848 (March 31, 2025) vs. $1,224,632 (December 31, 2024). - **Shareholder's Deficit:** $(94,039) (March 31, 2025) vs. $(40,000) (December 31, 2024). **Uncertainties & Future Operations:** - **Business Combination:** The company is a blank check company seeking a business combination. The success and timing of this combination are uncertain. - **Geopolitical Risks:** Global market volatility and disruptions due to geopolitical instability could impact the company's search for a target business. - **Liquidity:** The company has sufficient funds to pursue its acquisition plans but may face liquidity issues if costs exceed estimates. **Future Impact:** - **IPO Proceeds:** The company completed an IPO on May 5, 2025, raising $358,800,000, with proceeds held in a trust account. - **Deferred Underwriting Discount:** The company has a deferred underwriting discount of $10,764,000 payable upon completing a business combination. - **Operational Costs:** The company expects to continue incurring significant costs in pursuing its acquisition plans.