Churchill Capital Corp XIII closes $414 million IPO of 41.4 million units
Churchill Capital Corp XIII, a blank-check company, closed its initial public offering on August 3, 2026, selling 41,400,000 units at $10.00 each for $414 million in gross proceeds, including the full exercise of the underwriters' over-allotment option. The full $414 million was placed in a U.S. trust account, which holds the funds until the company completes an initial business combination or redeems public shares, so shareholder capital is set aside for a future deal rather than operations.
Key points
- 41,400,000 units sold at $10.00 per unit, including 5,400,000 units from the full over-allotment exercise, for $414 million gross proceeds.
- $414 million placed in a trust account maintained by Continental Stock Transfer & Trust Company.
- Sponsor Churchill Sponsor XIII LLC bought 350,000 private placement units for $3.5 million.
- The company has 24 months from the IPO closing to complete a business combination, or 27 months if it signs a letter of intent or definitive 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 August 07, 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.