Churchill Capital Corp XII 8-K

What Happened
On June 15, 2026, Churchill Capital Corp XII announced that, beginning June 17, 2026, holders of the units issued in its IPO may elect to separate and separately trade the Class A ordinary shares and the warrants included in each Unit. Each Unit consists of one Class A ordinary share and one‑tenth of a redeemable warrant; each whole warrant entitles the holder to purchase one Class A ordinary share at $11.50 per share. No fractional warrants will be issued and only whole warrants will trade.

Key Details

• Effective separation date: commencement of trading on June 17, 2026 (announcement filed June 15, 2026).
• Unit composition: 1 Class A ordinary share + 0.1 warrant; warrant exercise price: $11.50 per share.
• Trading symbols: Units will continue under “CXIIU” if unseparated; Class A shares expected under “CXII”; warrants expected under “CXIIW.”
• To separate Units, holders must have their brokers contact Continental Stock Transfer & Trust Company (the Company’s transfer agent).

Why It Matters
Separating the Units gives investors flexibility and may improve price discovery and liquidity by allowing the shares and warrants to trade independently. Warrants can trade at different prices than the underlying shares and offer a distinct speculative/leveraged exposure (with the $11.50 exercise price). This item affects trading mechanics—holders who want separate shares or warrants should coordinate with their brokers and the transfer agent; leaving Units intact will not change their current trading under CXIIU.