Churchill Capital Corp X Shareholders Approve Infleqtion Merger

Written by Emily J. Thompson, Senior Investment Analyst

Source: seekingalpha

Updated: 3 days ago

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Source: seekingalpha

Shareholder Approval: Churchill Capital Corp X shareholders have approved the merger with Infleqtion, which is expected to provide over $550 million in gross proceeds, ensuring nearly 100% cash inflow and raising over $125 million in incremental capital through a PIPE, reflecting strong market confidence in quantum technology.
First Public Quantum Company: Upon completion of the merger, Infleqtion will become the first publicly listed neutral-atom quantum technology company, marking a significant milestone that will enhance its market position in quantum computing and attract more investor interest.
Delisting from Nasdaq: Churchill X will delist from Nasdaq, while the merged Infleqtion's common stock and warrants will be listed on the New York Stock Exchange starting February 17, 2026, under the ticker symbols “INFQ” and “INFQ WS”, signifying a new phase in the company's growth.
Transaction Closing Date: The transaction is expected to close on February 13, 2026, and this merger will not only drive Infleqtion's technological advancements but also provide broader market opportunities for its applications in government, enterprise, and research institutions.

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About CCCX

Churchill Capital Corp X is a blank check company. The Company is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company is not engaged in business operations nor generated any revenues.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Churchill Capital Corp X Shareholders Approve Merger with Infleqtion

2 days agostocktwits

Shareholder Approval: Churchill Capital Corp X shareholders overwhelmingly supported the merger with Infleqtion, casting over 22.1 million votes in favor, which underscores strong confidence in the deal that is expected to deliver approximately $551 million in gross proceeds, enhancing its market position in quantum technology.
Low Redemption Rate: The merger's redemption rate was remarkably low at just 0.09%, with only about 37,800 Class A shares redeemed, indicating investor trust in the merger and ensuring minimal capital outflow from the trust account, thereby stabilizing post-merger funding.
Barclays Stake Reduction: Ahead of the vote, Barclays reduced its stake below the 5% reporting threshold, reflecting a cautious stance on the merger's prospects, having previously held 3 million shares, or 8.63%, which may influence market sentiment regarding the merger.
Positive Market Reaction: Following the merger announcement, CCCX shares rose over 4% in after-hours trading, reflecting optimistic market sentiment towards Infleqtion, particularly in light of its partnership with NASA to develop a quantum gravity sensor, which has further fueled investor enthusiasm.

Infleqtion Completes Business Combination with Churchill Capital Corp X

2 days agoBusinesswire

Business Combination Completed: Infleqtion has successfully completed its business combination with Churchill Capital Corp X, marking its status as the first publicly listed neutral-atom quantum technology company, with trading expected to commence on the NYSE under the ticker “INFQ” on February 17, 2026.
Technological Leadership: As a pioneer in neutral-atom technology, Infleqtion's product portfolio includes quantum computers, precision sensors, and quantum software, aimed at providing solutions for governments, enterprises, and research institutions, thus driving the commercialization of quantum technology.
Wide Market Applications: Infleqtion's systems are utilized in collaboration with NVIDIA and have been adopted by clients including the U.S. Department of Defense, NASA, and the U.K. government, showcasing its commercial leadership in quantum computing and precision sensing, which is expected to drive future revenue growth.
Strategic Implications: This merger not only enhances Infleqtion's market visibility but also provides it with a stronger competitive edge in the rapidly evolving quantum technology market, likely attracting more investor interest in its future growth potential.

Infleqtion to Go Public as First Neutral-Atom Quantum Tech Company in 2026

2 days agoNewsfilter

Public Listing Milestone: Infleqtion is set to begin trading on the NYSE on February 17, 2026, under the ticker symbol 'INFQ', marking a significant milestone as the first publicly listed neutral-atom quantum technology company, which could enhance investor interest and market visibility.
Successful Business Combination: The completion of Infleqtion's merger with Churchill Capital Corp X has led to the delisting of Churchill's shares from Nasdaq, with Infleqtion's common stock and warrants expected to trade on the NYSE, thereby solidifying its market position and operational footprint.
Technological Leadership: As a pioneer in neutral-atom technology, Infleqtion designs and sells quantum computers and precision sensors to high-profile clients such as the U.S. Department of Defense and NASA, showcasing its competitive edge and commercial viability in the advanced quantum technology sector.
Expansive Market Potential: Infleqtion's commercial platform is engineered to cater to both quantum computing and precision sensing needs, which is anticipated to attract a broader range of government and enterprise clients, thereby reinforcing the company's leadership in the rapidly evolving quantum technology market.