SCHEDULE: Citadel Entities & Griffin Disclose 5.3% Stake in Churchill Capital X
Beneficial Ownership Disclosure (Schedule 13G)
Citadel Securities and affiliates, along with Kenneth Griffin, have disclosed significant beneficial ownership in Churchill Capital Corp X, with Griffin holding 5.3% of Class A Ordinary Shares.
Summary
- Citadel Securities GP LLC, Citadel Securities LLC, and Citadel Securities Group LP each beneficially own 1,525,806 Class A Ordinary Shares of Churchill Capital Corp X, representing 3.7% of the class.
- Citadel Advisors LLC, Citadel Advisors Holdings LP, and Citadel GP LLC each beneficially own 686,861 Class A Ordinary Shares, representing 1.6% of the class.
- Kenneth Griffin beneficially owns 2,212,667 Class A Ordinary Shares, constituting 5.3% of the class.
- The percentages are based on 41,700,060 Shares outstanding, which includes 41,700,000 shares as of August 13, 2025, and 60 shares issuable upon conversion of certain warrants.
- All reporting persons hold shared voting and dispositive power over their respective beneficially owned shares, with no sole voting or dispositive power.
- The shares were not acquired for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently suggest a positive or negative sentiment regarding the issuer's performance or prospects.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the issuer's future performance or operations.
Industry Context
This filing indicates a significant passive investment by a prominent financial institution and its principal in a Special Purpose Acquisition Company (SPAC). Such disclosures are common for large investment firms taking positions in public companies, reflecting their portfolio allocation strategies rather than direct operational involvement.
Stakeholder Impact
- Shareholders: Increased institutional ownership by a prominent investment firm and its principal may be viewed positively, potentially signaling confidence in the company's future prospects or investment thesis.
Key Dates
| Date | Description |
|---|---|
| 2023-10-13 | Date of power of attorney filing for Seth Levy on behalf of Kenneth Griffin (referenced in filing) |
| 2025-08-13 | Date of issuer's Form 10-Q, reporting 41,700,000 shares outstanding |
| 2025-10-23 | Date of event which requires filing of this statement |
| 2025-10-30 | Date of filing of this Schedule 13G |
Keywords
Churchill Capital Corp X, Citadel, Kenneth Griffin, Beneficial Ownership, Schedule 13G, Institutional Investor, Class A Ordinary Shares, SEC Filing
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