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Highlights:

  • Churchill Capital Corp X raises $414 million through an upsized IPO, including full exercise of over-allotment.
  • Units began trading on Nasdaq on May 14, 2025, under the ticker symbol “CCCXU.”
  • $414 million in proceeds placed into trust for future business combination.

Churchill Capital Corp X announced the successful closing of its upsized initial public offering (IPO), raising $414 million through the sale of 41,400,000 units. This total includes 5,400,000 units issued pursuant to the full exercise of the underwriters’ over-allotment option. Each unit was priced at $10.00, resulting in gross proceeds of $414,000,000.

The Company's units commenced trading on the Nasdaq Global Market on May 14, 2025, under the ticker symbol “CCCXU.” Each unit consists of one Class A ordinary share and one-quarter of one redeemable warrant. Every whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share. Once the units begin trading separately, the Class A ordinary shares and warrants will trade on Nasdaq under the symbols “CCCX” and “CCCXW,” respectively.

In conjunction with the IPO and a simultaneous private placement of units, the company has placed all $414 million of proceeds into a trust account. This capital is earmarked for a future business combination, aligning with the company's strategic objective to identify and merge with a high-potential business.

Churchill Capital Corp X was founded by Michael Klein, a seasoned financier and the founder and managing partner of M. Klein and Company, LLC. The newly launched special purpose acquisition company (SPAC) aims to complete a merger, share exchange, asset acquisition, or similar business combination with one or more target companies. While it has not specified a particular sector for its acquisition strategy, the company has the flexibility to explore opportunities across various industries and regions.

The SEC declared the registration statements related to the offering effective on May 13, 2025. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction where such an offer or sale would be unlawful prior to registration or qualification under applicable laws.

Churchill Capital Corp X now joins the growing list of SPACs launched by Michael Klein, continuing a legacy of targeting value-generating partnerships in both established and emerging sectors. The company’s substantial capital base and experienced leadership position it well to pursue transformative acquisition opportunities in the months ahead.