other_material
confidence high
sentiment neutral
materiality 0.85
Churchill Capital Corp X closes IPO of 41.4M units at $10, raising $414M gross
Infleqtion, Inc.
- IPO included full exercise of underwriters' over-allotment of 5.4M units.
- Private placement of 300,000 units to sponsor at $10 each for $3M.
- $414M placed in trust account at $10 per unit for future business combination.
- Audited balance sheet shows $416M total assets, $414M in trust.
- Company has 24 months (27 with LOI) to complete a business combination.
item 8.01item 9.01