other_material
confidence high
sentiment neutral
materiality 0.65
CCCX closes upsized $414M SPAC IPO; $414M placed in trust for acquisitions
Infleqtion, Inc.
- Offered 41.4M units at $10.00 each, including full over-allotment; gross proceeds $414M.
- Sponsor purchased 300,000 private placement units for $3M, exempt from registration.
- Total $414M deposited into trust; funds released only upon business combination or redemption within 24 months (27 months with LOI).
- William Sherman appointed to board, chairs audit and compensation committees.