Churchill Capital Corp XII closes $414 million IPO of 41.4 million units
On April 29, 2026, Churchill Capital Corp XII closed its initial public offering of 41,400,000 units at $10.00 each, raising $414 million in gross proceeds, including the full exercise of the underwriter's over-allotment option. The company was formed to pursue a business combination with businesses it has not yet identified, and the full $414 million was placed in a trust account. Shareholder funds in the trust remain there until a business combination is completed or the trust is distributed, so shareholders depend on the company completing a deal within its combination period.
Key points
- IPO closed April 29, 2026: 41,400,000 units at $10.00 per unit, gross proceeds of $414,000,000, including 5,400,000 units from the full over-allotment exercise.
- $414,000,000 ($10.00 per unit) placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company as trustee.
- Private placement of 350,000 units to sponsor Churchill Sponsor XII LLC at $10.00 per unit, gross proceeds of $3,500,000.
- Company must complete a business combination within 24 months of the IPO closing, or 27 months if it signs a letter of intent or agreement within the first 24 months.
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.