US EditionChurchill Capital Corp X Completes Upsized $414 Million Initial Public Offering
- On May 15, 2025, in New York City, Churchill Capital Corp X finalized its expanded initial public offering.
- The offering followed the SEC's effective declaration of registration statements on May 13, 2025, enabling the sale of 41,400,000 units including the full exercise of an over-allotment option.
- Each unit includes one Class A ordinary share and one-quarter of a redeemable warrant, which can be exercised at $11.50 per share; trading for these units commenced on Nasdaq under the ticker "CCCXU" on May 14, 2025.
- Units in the initial public offering were sold at $10.00 each, generating total gross proceeds of $414 million that were held in trust following the IPO, the full exercise of the over-allotment option, and a concurrent private placement.
- The Company, founded by Michael Klein, intends to use the net proceeds to pursue a business combination in any industry, though no assurance exists that the proceeds will be used as planned.
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Churchill Capital Corp X Completes Upsized $414 Million Initial Public Offering
NEW YORK, May 15, 2025 /PRNewswire/ -- Churchill Capital Corp X (the "Company") announced today the closing of its upsized initial public offering of 41,400,000 units, which includes 5,400,000 units issued pursuant to the exercise by the underwriters of their…
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