Churchill Capital Corp XI 8-K

What Happened

• Churchill Capital Corp XI announced on Feb 5, 2026 (filed via Form 8‑K) that, commencing Feb 9, 2026, holders of the Units issued in its IPO may elect to separate and separately trade the Class A ordinary shares and the warrants contained in each Unit. Each Unit originally consists of one Class A ordinary share and one‑tenth of one redeemable warrant.

Key Details

• Each whole Warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share.
• No fractional Warrants will be issued upon separation; only whole Warrants will trade.
• After separation: Units that remain intact will trade on Nasdaq as “CCXIU”; Class A ordinary shares are expected to trade as “CCXI”; warrants are expected to trade as “CCXIW.”
• Holders seeking to separate must have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent.

Why It Matters

• The change lets investors trade the equity (shares) and the upside/leverage instrument (warrants) independently, which can improve price discovery and liquidity for each component.
• Important practical points for holders: exercise price is $11.50 per share, fractional warrants won’t be issued, and brokers must coordinate with the transfer agent to effect separation.
• The company attached a press release dated Feb 5, 2026 announcing these details.