Linden Advisors 13F: Adds $2.6M to Gores Holdings X (GTEN) Stake

Linden Advisors Expands Position in Gores Holdings X

Linden Advisors grew its investment in Gores Holdings X, Inc. GTEN during the period, according to a Form 13F filing with the SEC. The fund picked up 250,000 additional shares, marking a 20.4% increase from its prior holding. That brings the fund's total position to 1,475,000 shares. Based on recent reporting, the updated stake has an estimated value of $15.38 million.

Inside the Portfolio Shift

Before this adjustment, Linden Advisors held 1,225,000 shares of the shell company. The added shares were acquired at an estimated cost basis of $10.31 each. This transaction expands the firm's exposure to the blank-check vehicle, though 13F filings are backward-looking and reflect holdings only as of the reporting period.

Stock Valuation and Price Action

Gores Holdings X shares recently changed hands at $10.43. The stock has maintained a tight trading range, sitting between a 52-week low of $10.19 and a 52-week high of $10.99. The equity trades just above its 200-day moving average of $10.39 and near its 50-day moving average of $10.57. The company features a price-to-earnings ratio of 6.88 and an earnings per share of $1.53.

About Gores Holdings X

Gores Holdings X, Inc. is a blank-check company headquartered in Boulder, Colorado. The firm does not carry out traditional commercial operations. Instead, it was established to effect a merger, share exchange, asset acquisition, or similar business combination with one or more operating businesses.

What to Watch at Gores Holdings X, Inc.

Investors tracking Linden Advisors will need to check subsequent quarterly filings to see whether the fund builds upon this position or shifts course. Because these disclosures look backward, they do not show real-time trades made since the period ended. The details provide a snapshot of institutional interest in the company's search for a merger partner.