An amended Schedule 13G was filed on November 3, 2026, disclosing the beneficial ownership positions of RichRich Capital LLC, Huang Capital Inc., and Rich Huang in Churchill Capital Corp XI as of October 28, 2026.

Key Highlights

  • Rich Huang's aggregate stake: As of October 28, 2026, Rich Huang beneficially owned 2,445,300 Class A Ordinary Shares, representing approximately 5.51% of the outstanding class.
  • RichRich Capital LLC position: RichRich Capital LLC reported beneficial ownership of 1,480,100 Class A Ordinary Shares, all underlying call options, representing less than 3.34% of the class.
  • Huang Capital Inc. position: Huang Capital Inc. reported beneficial ownership of 612,900 Class A Ordinary Shares, all underlying call options, representing approximately 1.38% of the class.
  • IRA account shares: Rich Huang also holds 352,300 Class A Ordinary Shares in his IRA account, consisting entirely of shares underlying call options.
  • Prior ownership level: As of September 30, 2026, the reporting persons may have been deemed to beneficially own approximately 6.70% of the outstanding Class A Ordinary Shares.
  • Share base used for calculation: Percentages are based on 41,900,000 Class A Ordinary Shares issued and outstanding as of October 13, 2026, plus the 2,445,300 shares underlying the call options held by the reporting persons.

RichRich Capital and Huang Capital Disclose Call-Option-Based Holdings in Churchill Capital Corp XI

According to the filing, the three reporting persons - RichRich Capital LLC (organized in Indiana), Huang Capital Inc. (organized in Florida), and Rich Huang (a U.S. citizen) - all share a common address at 1000 Brickell Plaza, Unit 2704, Miami, FL 33131. The filing is an Amendment No. 1 to a previously filed Schedule 13G, with the triggering event dated October 28, 2026. The issuer, Churchill Capital Corp XI, maintains its principal offices at 640 Fifth Avenue, 12th Floor, New York, NY 10019. The securities covered are Class A Ordinary Shares with a par value of $0.0001 per share, CUSIP G2131A124.

The filing discloses that all shares reported by RichRich Capital LLC, Huang Capital Inc., and within Rich Huang's IRA account consist entirely of Class A Ordinary Shares underlying call options, not direct share holdings. Rich Huang, as sole member of RichRich Capital LLC and as sole director and sole officer of Huang Capital Inc., "may be deemed to beneficially own" the securities held by those entities, according to the filing. However, the filing states that "Mr. Huang disclaims beneficial ownership of the Class A Ordinary Shares beneficially owned by RichRich and Huang Capital."

The filing further notes that none of the reported shares have sole voting or dispositive power attributed to RichRich Capital LLC or Huang Capital Inc. Rich Huang himself reports sole voting and dispositive power over 352,300 shares and shared voting and dispositive power over 2,093,000 shares. The filing certifies that the securities "were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

What Was Disclosed

This amended Schedule 13G discloses that RichRich Capital LLC, Huang Capital Inc., and Rich Huang collectively hold positions in Churchill Capital Corp XI Class A Ordinary Shares as of October 28, 2026, all through call options, with Rich Huang's aggregate beneficial ownership reported at approximately 5.51%.