Churchill Capital Corp XI completes upsized $414M SPAC IPO; $414M placed in trust

Churchill Capital Corp XI

IPO of 41.4M units at $10.00/unit (incl. full over-allotment of 5.4M units); gross proceeds $414M.
Simultaneous private placement of 500K units to sponsor at $10.00/unit for $5M gross.
$414M deposited in trust account, available for initial business combination or redemption.
William Sherman appointed to board as interim audit committee chair and compensation committee chair.
Units (CCXIU) trade on Nasdaq; Class A shares (CCXI) and warrants (CCXIW) to list separately.

item 1.01 item 3.02 item 5.02 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Churchill Capital Corp XI issued 500,000 units of unit to Churchill Sponsor XI LLC (the Sponsor) for $10.00 per Private Placement Unit.

Security: unit
Shares: 500,000 units
Purchaser: Churchill Sponsor XI LLC (the Sponsor)
Consideration: $10.00 per Private Placement Unit

Exact text from the filing

Simultaneously with the closing of the IPO, pursuant to the Private Placement Units Purchase Agreement, the Company completed the private sale of an aggregate of 500,000 units (the “ Private Placement Units ”) to the Sponsor at a purchase price of $10.00 per Private Placement Unit, generating gross proceeds to the Company of $5,000,000.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Churchill Capital Corp XI: Amended and restated memorandum and articles of association filed and effective (effective 2025-12-16).

Change: charter amendment
Effective: 2025-12-16

Exact text from the filing

On December 16, 2025, in connection with the IPO, the Company filed its amended and restated memorandum and articles of association (the “ Amended and Restated Memorandum and Articles of Association ”) with the Cayman Islands Registrar of Companies, which was effective on December 16, 2025.

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226 equity issuances filed in the last 30 days. Browse all equity issuances →

Churchill Capital Corp XI filing history →

Source: SEC EDGAR

accession 0001213900-25-123495

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