Monitor for announcement of a business combination target, as the appointment of an experienced SPAC director with audit committee chair responsibilities suggests the company is progressing toward a de-SPAC transaction.
Price Chart
Executive Summary
Churchill Capital Corp XIII appointed Paul Lapping as a director, audit committee chair, and compensation committee member, effective October 23, 2026. William Sherman stepped down as interim audit committee chair but remains on the committee. Both directors entered into agreements providing $75,000 per annum cash compensation. This is a routine board composition change with no material financial impact.
Key Facts
- Paul Lapping appointed as director, audit committee chair, and compensation committee member effective October 23, 2026
- William Sherman replaced as interim audit committee chair but continues as audit committee member
- Each director receives $75,000 per annum cash compensation starting October 1, 2026
- Lapping signed a joinder to the sponsor letter agreement waiving redemption rights and agreeing to vote shares in favor of an initial business combination
- Lapping has experience on multiple Churchill-affiliated SPAC boards (CCIX, CCXI, CXII, CCX)
Financial Impact
Annual director cash compensation of $75,000 per director, immaterial relative to the SPAC trust
Risk Factors
- No business combination announced; SPAC faces time pressure to complete a deal or liquidate
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-112472 |
| Document: ea030961101ex10-1.htm | 0001213900-26-112472 |
| Document: 0001213900-26-112472-index-headers.html | 0001213900-26-112472 |
| Document: 0001213900-26-112472-index.html | 0001213900-26-112472 |
| Document: 0001213900-26-112472.txt | 0001213900-26-112472 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 3 | $10.20 | awaiting T+20 | — | $10.25 (+0.46%) |
Oct 26, 2026 1d ago | 8-K | $10.20 | awaiting T+20 | — | $10.25 (+0.49%) |
Sep 16, 2026 5w ago | 8-K | — | awaiting T+20 | — | — |
Sep 16, 2026 5w ago | Press Release | — | awaiting T+20 | — | — |
Jul 31, 2026 12w ago | 424B4 | — | awaiting T+20 | — | — |
Jul 31, 2026 12w ago | EFFECT | — | awaiting T+20 | — | — |
Jul 30, 2026 12w ago | 3 | — | awaiting T+20 | — | — |
Jul 30, 2026 12w ago | Press Release | — | awaiting T+20 | — | — |
US Market Status
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