Gores Holdings X Inc 's

The company operates in a competitive environment for identifying, evaluating, and selecting target businesses for its business combinations. Competitors include other blank check companies, private equity groups, leveraged buyout funds, and operating businesses pursuing strategic acquisitions. Many of these competitors have established experience and greater financial, technical, and human resources. The company's financial resources limit its ability to acquire larger target businesses, potentially placing it at a competitive disadvantage. Conflicts of interest may arise because The Gores Group manages multiple investment vehicles that may compete for acquisition opportunities. Investment ideas generated within The Gores Group, including by Mr. Gores, may be directed to other Gores funds rather than the company. Neither The Gores Group nor members of the management team employed by certain affiliates of The Gores Group are obligated to present business combination targets to the company unless presented solely in their official capacity.