Churchill Capital Corp XII closes $414M SPAC IPO; $414M placed in trust

Churchill Capital Corp XII

Sold 41.4M units at $10.00 each, including full 5.4M over-allotment, grossing $414M.
Simultaneous private placement of 350K units to sponsor at $10 each, gross $3.5M.
Total $414M ($10/unit) deposited in trust; trust holds cash as of April 29.
Balance sheet: cash $726k, prepaids $391k, deferred underwriting $16.99M, shareholders' deficit $15.68M.

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