Churchill Capital Corp XIII Announces Separate Trading of Shares and Warrants

What Happened

• On September 16, 2026, Churchill Capital Corp XIII (XIII) announced that, beginning September 18, 2026, holders of the Units issued in its initial public offering may elect to separate each Unit into the underlying Class A ordinary share and warrant. 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; only whole warrants will trade.

Key Details

• Announcement filed on Form 8-K dated September 16, 2026; separation effective starting September 18, 2026.
• Unit composition: 1 Class A ordinary share + 1/10 of a warrant; warrant exercise price: $11.50.
• Trading symbols: Units will remain under “XIIIU” if not separated; expected tickers after separation are “XIII” (Class A shares) and “XIIIW” (warrants).
• Holders must have their brokers contact Continental Stock Transfer & Trust Company (transfer agent) to separate Units.

Why It Matters

• Separating the Units lets investors trade shares and warrants independently, which can change liquidity and allow investors to buy or sell just the equity or just the warrants.
• Because only whole warrants will trade and no fractional warrants will be issued, holders should be aware of rounding implications and may need broker assistance to effect separation.
• Investors who prefer to keep the combined Unit may do nothing; Units will continue trading under the existing ticker if not separated.