Churchill Capital CORP X/cayman
Market Movers (8-K)
Infleqtion reported record Q1 2026 revenue of $9.5 million, a 14% year-over-year increase, and raised its full-year revenue guidance to at least $40 million.
Better than expected
Infleqtion, Inc. announced the appointment of Nicholas Johnson as a Class III director and provided details on its advisory agreement with M. Klein & Company.
Capital raise
Infleqtion, Inc. announced its 2025 financial results, reporting $32.5 million in revenue and an operating loss of $35.3 million, while providing 2026 revenue guidance of $40 million.
Infleqtion, Inc. filed an amendment to its 8-K, providing audited financial statements and management's discussion for ColdQuanta, Inc. (Legacy Infleqtion) for 2024 and 2025, highlighting significant revenue growth and strategic advancements ahead of its Business Combination.
Capital raise
Better than expected
Infleqtion, Inc. filed an amended 8-K to clarify the dismissal date of its former auditor, WithumSmith+Brown, PC, and the engagement of KPMG LLP, noting Withum's report included a going concern qualification.
Worse than expected
Infleqtion, Inc. announced the dismissal of WithumSmith+Brown, PC and the engagement of KPMG LLP as its independent registered public accounting firm following its business combination.
Quarterly Earnings (10-Q)
Infleqtion reports Q1 2026 financial results following its February 2026 business combination, highlighting increased revenue and a strengthened balance sheet.
Churchill Capital Corp X reports a significant net loss in Q3 2025, primarily due to a change in fair value of subscription agreement liability, while progressing towards its business combination with ColdQuanta, Inc.
Capital raise
Churchill Capital Corp X, a SPAC, reported its second-quarter 2025 results, highlighting the successful completion of its Initial Public Offering and significant cash held in its Trust Account.
Capital raise
Churchill Capital Corp X, a blank check company, filed its Q1 2025 report, detailing its successful $414 million Initial Public Offering and ongoing efforts to identify a target for its initial business combination.
Capital raise
Annual Reports (10-K)
Infleqtion, Inc. finalized its business combination with Churchill Capital Corp X, becoming a publicly traded quantum technology company focused on sensing, computing, and software.
Capital raise
Worse than expected
Insider Trading (Form 4)
Director Kristina M. Johnson executed a series of transactions involving the sale of 50,000 shares and the exercise of low-cost stock options.
Director David B. Singer reported the sale and distribution of over 4 million shares of Infleqtion, Inc. common stock through Maverick-affiliated funds.
Worse than expected
Maverick Capital and its affiliates executed a massive liquidation of Infleqtion, Inc. shares, selling over 3 million units and distributing nearly 1 million more to partners.
Worse than expected
Director David B. Singer disclosed a series of pro-rata distributions and subsequent sales of Infleqtion, Inc. common stock by affiliated investment funds.
Maverick Capital and affiliated entities reported a series of pro-rata distributions and subsequent sales of Infleqtion, Inc. common stock.
Director David B. Singer disclosed pro rata distributions of Infleqtion, Inc. common stock among affiliated investment funds.
New Public Companies (S-1)
Infleqtion, Inc. has completed its business combination and PIPE financing, raising $551.4 million to accelerate its quantum computing, sensing, and software platforms, despite reporting a net loss of $31.8 million in 2025.
Capital raise
Better than expected
Churchill Capital Corp X files a registration statement to offer an additional 6,900,000 units, each comprising one Class A ordinary share and one-quarter of a redeemable warrant.
Capital raise
Churchill Capital Corp X, a Cayman Islands-based blank check company, is set to launch a $300 million initial public offering to pursue a merger, amalgamation, or other business combination.
Capital raise
Churchill Capital Corp X, a blank check company, announces its filing for a $300 million IPO to pursue a merger, share exchange, or asset acquisition with a target business.
Capital raise
Schedule 13D - Activist Investments
SCHEDULE: Maverick Capital Sells Infleqtion Stake
Maverick Capital entities have significantly reduced their holdings in Infleqtion, Inc., selling over 8 million shares in late May 2026.
Maverick Capital Management and affiliated entities have filed a Schedule 13D, revealing a significant beneficial ownership of up to 9.2% in Infleqtion, Inc. common stock for investment purposes.
Churchill Capital Corp X has entered into a definitive merger agreement with ColdQuanta, Inc., supported by a $126.5 million PIPE investment and new governance agreements.
Capital raise
SCHEDULE 13D: Churchill Capital Corp X Sponsor Discloses 20.4% Stake Following IPO and Founder Share Adjustments
Churchill Sponsor X LLC and its affiliates, including CEO Michael Klein, have filed a Schedule 13D, revealing a 20.4% beneficial ownership stake in Churchill Capital Corp X, primarily through founder shares and private placement units acquired in connection with the company's recent Initial Public Offering.
Capital raise
Schedule 13G - Passive Investments
The S&G Foundation has filed a Schedule 13G reporting a 5.3% beneficial ownership stake in Infleqtion, Inc. common stock.
Global Frontier Investments and W. Grant Dollens report a reduction in their beneficial ownership of Infleqtion, Inc. common stock following in-kind distributions.
Tyler Brous and associated LCP Quantum entities have filed an amendment to their Schedule 13G, indicating they no longer hold over 5% beneficial ownership of Infleqtion, Inc. common stock.
Tyler Brous and affiliated LCP Quantum entities have disclosed a combined beneficial ownership of 14.1% of Infleqtion, Inc.'s common stock.
Global Frontier Investments LLC, Global Frontier Quantum Opportunity Fund, LP, and W. Grant Dollens have disclosed significant beneficial ownership in Infleqtion, Inc., with W. Grant Dollens holding 11.87% of the common stock.
Barclays PLC has reported a 4.31% beneficial ownership stake in Churchill Capital Corp X-A, holding 1,797,424 common shares.