---
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"
generated_at: "2026-05-16T12:39:21.462290+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-123495
- JSON: https://secwatch.observer/filing/0001213900-25-123495.json
- Plain text: https://secwatch.observer/filing/0001213900-25-123495.txt

## Key facts
- Equity Issuances
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2074973/000121390025123495/0001213900-25-123495-index.htm
- Governance Changes
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2074973/000121390025123495/0001213900-25-123495-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.