Monitor for the filing of an audited balance sheet on Form 8-K (within 4 business days) to confirm trust account funding. The stock and warrants will begin separate trading 52 days post-prospectus unless the underwriter permits earlier. Watch for any tender offer or proxy statement for a business combination within the 24-month completion window.
Price Chart
Executive Summary
Churchill Capital Corp XII completed its initial public offering of 36,000,000 units at $10.00 per unit, raising $360,000,000 in gross proceeds (before underwriting discounts and expenses), with an over-allotment option for up to 5,400,000 additional units. The proceeds are held in trust for a future business combination, subject to the terms of the amended charter.
Key Financial Metrics
Key Facts
- 36,000,000 units sold at $10.00 per unit, each consisting of one Class A ordinary share and one-tenth of one warrant
- Gross proceeds of $360,000,000 from the base offering, with over-allotment option for up to 5,400,000 additional units
- Underwriter: Citigroup Global Markets Inc.; purchase price per unit: $9.85
- Deferred underwriting discount of $0.35 per unit ($12,600,000 total) payable only upon completion of a business combination
- Sponsor purchased 350,000 Private Placement Units at $10.00 each, and holds 13,800,000 Founder Shares (Class B)
- Warrants have an exercise price of $11.50 per share, exercisable 30 days after a business combination, expiring 5 years thereafter
- Amended and restated memorandum and articles of association adopted, including business combination requirements and redemption rights
Financial Impact
IPO raises $360M in gross proceeds (before expenses) for a blank-check company with no operating history
Risk Factors
- Failure to complete a business combination within 24 months (27 months if a letter of intent is signed) would result in liquidation and redemption of public shares at trust value
- Warrants may have no value if the stock price does not exceed $11.50 per share after a business combination
- Potential dilution from Founder Shares and Private Placement Units
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-049354 |
| Document: ea028815801ex1-1.htm | 0001213900-26-049354 |
| Document: ea028815801ex4-1.htm | 0001213900-26-049354 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 15, 2026 19w ago | 8-K | — | awaiting T+20 | — | — |
Apr 29, 2026 25w ago | 8-K | — | awaiting T+20 | — | — |
Apr 27, 2026 26w ago | 3 | — | awaiting T+20 | — | — |
Apr 27, 2026 26w ago | Press Release | — | awaiting T+20 | — | — |
US Market Status
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