SPAC Sponsor Group Files Exit 13D, Disclosing 4.9% Stake in Newly Merged Infleqtion, Inc.

summarizeSummary

Churchill Sponsor X LLC, M. Klein Associates, Inc., and Michael Klein have filed an exit Schedule 13D, reporting a 4.9% beneficial ownership in Infleqtion, Inc. following the recent SPAC merger.

check_boxKey Events

• Sponsor Group Exits 13D Reporting

  Churchill Sponsor X LLC, M. Klein Associates, Inc., and Michael Klein filed an Amendment No. 2 to their Schedule 13D, declaring it an "exit filing" for Infleqtion, Inc.

• Discloses Post-Merger Ownership

  The reporting persons now beneficially own 10,725,000 shares, representing 4.9% of Infleqtion, Inc.'s common stock, following the conversion of their prior holdings in Churchill Capital Corp X.

• Follows Recent SPAC Merger

  This filing provides details on the sponsor's stake after the completion of the SPAC merger between Churchill Capital Corp X and ColdQuanta, which rebranded as Infleqtion, Inc.

auto_awesomeAnalysis

This Amendment No. 2 to Schedule 13D serves as an "exit filing" for the Churchill Capital Corp X sponsor group, including former CEO Michael Klein, indicating they are no longer required to report under Schedule 13D for Infleqtion, Inc. The filing details the conversion of their prior holdings into 10,725,000 shares, representing a 4.9% stake in the newly merged entity. This disclosure provides clarity on the sponsor's post-merger ownership and their shift from a 13D reporting status, which typically implies a beneficial ownership of 5% or more with intent to influence management.