Gores Holdings X, Inc. / CI reported net income of $264623 for the second quarter ended June 30, 2026, versus a net loss of $(1,737,874) in the year-ago quarter; diluted EPS was $(0.06) compared with $(0.92) in the prior-year quarter.
Financial Highlights
- Net income: $264,623 for 2Q 2026 (three months ended June 30, 2026) vs. $(1,737,874) in the year‑ago quarter (3 months ended June 30, 2025).
- Diluted EPS: $(0.06) for the three months ended June 30, 2026, vs. $(0.92) in the year‑ago quarter.
- Net income (YTD): $6,411,701 for six months ended June 30, 2026 vs. $(1,791,913) for the six months ended June 30, 2025 (consolidated).
Business Highlights
- Completed an IPO on May 5, 2025, raising $358.8M to fund target search and operations.
- Actively soliciting and performing due diligence on potential acquisition targets for a Business Combination; management expects sufficient funds to pursue a Business Combination through May 5, 2027, subject to actual diligence costs.
- Quarter activity centered on IPO preparation, post-IPO target identification and deal-readiness; reported net income/loss was materially affected by warrant valuation volatility, which management says does not impact ongoing acquisition activities.
Original SEC Filing:
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