Churchill Capital Corp X Completes Merger with Infleqtion, Begins Trading on NYSE as INFQ

summarizeSummary

Churchill Capital Corp X has finalized its merger with ColdQuanta, rebranding as Infleqtion, Inc. and commencing trading on the NYSE, backed by a $126.5 million PIPE investment and a new leadership team.

check_boxKey Events

• Merger Completion and Name Change

  Churchill Capital Corp X completed its business combination with ColdQuanta, Inc., and is now named Infleqtion, Inc. This follows shareholder approval on February 12, 2026.

• NYSE Listing Initiated

  The combined company's common stock and warrants will begin trading on the NYSE under the new symbols 'INFQ' and 'INFQ WS' on February 17, 2026, transferring from Nasdaq.

• Significant Equity Issuance and PIPE Investment

  151,804,988 shares were issued to former ColdQuanta stockholders, and 12,654,760 shares were issued in a PIPE investment for an aggregate purchase price of $126.5 million.

• New Leadership and Governance

  A new board of directors and executive management team have been appointed, with Matthew Kinsella as CEO and Ilan Hart as CFO. Michael Klein and Jay Taragin resigned from their executive roles.

auto_awesomeAnalysis

This 8-K filing confirms the completion of the SPAC business combination between Churchill Capital Corp X and ColdQuanta, Inc., a significant milestone that transforms the company into Infleqtion, Inc., a publicly traded quantum technology firm. The company's stock and warrants will now trade on the NYSE under new tickers, enhancing visibility and liquidity. The transaction involved the issuance of over 151 million shares to former ColdQuanta stockholders and a $126.5 million PIPE investment, substantially increasing the share count. A new board and executive team, including Matthew Kinsella as CEO, are now in place to lead the combined entity. This marks a pivotal moment for the company, providing it with public market access and capital to pursue its quantum technology initiatives, but also introduces significant dilution for pre-merger shareholders. Investors should assess the long-term growth prospects of the new quantum computing business in light of the new capital structure.