Churchill Capital Corp XI appoints Paul Lapping and Stephen Murphy as independent directors

Churchill Capital Corp XI

Paul Lapping and Stephen Murphy appointed to the board on March 17, 2026, effective immediately.
Lapping named audit committee chair, replacing William Sherman; both join audit and compensation committees.
Each director receives $75,000 per annum cash compensation, paid quarterly starting April 1, 2026.
They signed a joinder to the letter agreement waiving certain redemption rights and agreeing to vote for a business combination.
Terms expire at the first annual general meeting; appointments bolster SPAC board independence.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.