secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Capital Corp XI (CCXI)
CIK:        0002074973
Form:       8-K
Filed at:   2025-12-23T23:59:59+00:00
Accession:  0001213900-25-125348
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Capital Corp XI completes $414M IPO and $5M private placement
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- IPO of 41,400,000 units at $10.00/unit raises $414M gross; includes full exercise of over-allotment.
- Private placement of 500,000 units to Churchill Sponsor XI LLC raises additional $5M.
- $414M placed in trust account; $750,457 cash outside trust for working capital.
- Transaction costs total $19.6M: $3M cash underwriting fee and $16M deferred underwriting fee.
- Company has no operations; must complete a business combination within 24 months (27 if definitive agreement).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2074973/000121390025125348/0001213900-25-125348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2074973/000121390025125348/ea0270760-8k_church11.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-125348

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