m_and_a
confidence high
sentiment neutral
materiality 0.85
Churchill Capital Corp X to merge with ColdQuanta at $1.8B valuation; $126.5M PIPE
Infleqtion, Inc.
- ColdQuanta pre-money equity value of $1.8B; combined company to be renamed Infleqtion, Inc.
- PIPE investment of $126.5M at $10/share from institutional investors to fund the merger.
- Minimum cash condition: at least $100M in available cash (trust + PIPE) at closing.
- Sponsor agrees to vote in favor; 1.5M sponsor shares vest upon $12 VWPA over 15/180 days.
- Deal subject to HSR, UK NSI Act, and Australian FATA approvals; must close by March 1, 2026.
item 1.01item 7.01item 9.01