Periscope Capital Inc. Sells 70,700 Shares of Gores Holdings X, Inc. / CI $GTEN

Periscope Capital Inc. lessened its holdings in Gores Holdings X, Inc. / CI (NASDAQ:GTEN) by 17.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 329,300 shares of the company’s stock after selling 70,700 shares during the period. Periscope Capital Inc. owned about 0.73% of Gores Holdings X, Inc. / CI worth $3,375,000 at the end of the most recent quarter.

Gores Holdings X, Inc. / CI Stock Performance

NASDAQ:GTEN opened at $10.38 on Friday. The company has a market capitalization of $467.93 million and a PE ratio of 74.14. The business’s 50-day moving average price is $10.31. Gores Holdings X, Inc. / CI has a 1-year low of $10.12 and a 1-year high of $10.53.

Gores Holdings X, Inc. / CI (NASDAQ:GTEN) last released its quarterly earnings results on Saturday, March 28th. The company reported $0.32 earnings per share for the quarter.

Gores Holdings X, Inc. / CI Company Profile

Gores Holdings X, Inc (NASDAQ: GTEN) is a special purpose acquisition company (SPAC) formed to effect a business combination with one or more operating businesses. As a blank?check company, GTEN’s principal activity is to identify, evaluate and complete a merger, asset acquisition, stock purchase, reorganization or similar business combination that would result in a publicly traded combined company.

Prior to completing a business combination, Gores Holdings X does not operate commercial businesses; its operations typically consist of raising capital through an initial public offering, maintaining funds in a trust account, and conducting diligence and negotiations with potential targets.