CCXI · Stake reduced to 5.51%

RichRich Capital LLC, Huang Capital Inc., and Rich Huang filed an amended Schedule 13G disclosing a combined 5.51% beneficial ownership stake in Churchill Capital Corp XI as of October 28, 2026, down from 6.70% as of September 30, 2026. The decrease reflects a reduction in call option positions held by the reporting persons.

• Rich Huang and related entities filed an amended Schedule 13G on November 3, 2026, reporting a combined 5.51% beneficial ownership as of October 28, 2026.
• The stake decreased from 6.70% as of September 30, 2026.
• Holdings consist entirely of call options: RichRich Capital LLC holds 1,480,100 shares (3.34%), Huang Capital Inc. holds 612,900 shares (1.38%), and Rich Huang personally holds 352,300 shares (0.79%) in an IRA account.
• The filing certifies passive intent under Rule 13d-1(c).