Monitor for any business combination announcement, which is the primary catalyst for SPACs. The IPO pricing is routine and provides no directional signal until a target is disclosed.
Price Chart
Executive Summary
Churchill Capital Corp XIII, a SPAC founded by Michael Klein, priced its upsized IPO of 36M units at $10.00/unit, raising $360M (before over-allotments). The units, consisting of one Class A share and one-tenth of a warrant, will trade on Nasdaq under XIIIU. The offering is a routine capital-raising event for a blank-check company with no identified target, making it neutral for traders until a business combination is announced.
Key Financial Metrics
Key Facts
- Priced upsized IPO of 36,000,000 units at $10.00 per unit, raising $360M before over-allotments.
- Each unit consists of one Class A ordinary share and one-tenth of one redeemable warrant (exercise price $11.50).
- Units to trade on Nasdaq under XIIIU; shares and warrants expected to list under XIII and XIIIW after separate trading begins.
- Underwriter (Citigroup) has a 45-day option to purchase up to an additional 5,400,000 units for over-allotments.
- SPAC formed for effecting a merger or business combination; no target identified yet.
- Founder Michael Klein is also managing partner of M. Klein and Company, LLC.
- Offering expected to close on August 3, 2026.
Financial Impact
$360M gross proceeds from IPO (before over-allotments), with potential additional $54M from full over-allotment exercise.
Risk Factors
- No identified acquisition target; risk of failing to complete a business combination within the SPAC's timeframe.
- Dilution from warrants and potential over-allotments.
- Market conditions may affect ability to complete a deal or redeem shares.
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3336552 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers