{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-123495","form_type":"8-K","ticker":"CCXI","cik":"0002074973","company_name":"Churchill Capital Corp XI","filed_at":"2025-12-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.540731+00:00","generated_at":"2026-05-16T12:39:21.462290+00:00","sec_items":["1.01","3.02","5.02","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Churchill Capital Corp XI completes upsized $414M SPAC IPO; $414M placed in trust","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-123495","json":"https://secwatch.observer/filing/0001213900-25-123495.json","markdown":"https://secwatch.observer/filing/0001213900-25-123495.md","text":"https://secwatch.observer/filing/0001213900-25-123495.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2074973/000121390025123495/0001213900-25-123495-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2074973/000121390025123495/ea0270164-8k_church11.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:39:21.462290+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a823505e503108577bfef67c196b36c519a9aeca","claim":"Churchill Capital Corp XI issued 500,000 units of unit to Churchill Sponsor XI LLC (the Sponsor) for $10.00 per Private Placement Unit.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/2074973/000121390025123495/0001213900-25-123495-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"unit"},{"label":"Shares","value":"500,000 units"},{"label":"Purchaser","value":"Churchill Sponsor XI LLC (the Sponsor)"},{"label":"Consideration","value":"$10.00 per Private Placement Unit"}],"fact_type":"equity_issuance"},{"claim_id":"32f8c710e72621546a59c59efe58e53ffbb3b808","claim":"Churchill Capital Corp XI: Amended and restated memorandum and articles of association filed and effective (effective 2025-12-16).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/2074973/000121390025123495/0001213900-25-123495-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-12-16"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}