For Q1 FY2026 (ended March 31, 2026), Churchill Capital Corp XI reported net income of $3,171,373, but an operating loss of $373,673. The company had cash of $410,097 and negative equity of $14,134,591. No revenue or diluted EPS were reported.
•Net income of $3,171,373 for Q1 FY2026.
•Operating loss of $373,673 in the same quarter.
•Cash balance of $410,097 as of March 31, 2026.
•Negative shareholders' equity of $14,134,591.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Churchill Capital Corp XI does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2025 and is based in New York, New York.
Churchill Capital Corp XI is a blank check company, also known as a special purpose acquisition company (SPAC), that currently does not have significant operations. Its primary business purpose is to identify and complete a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was formed in 2025 and is based in New York, New York. As a SPAC, it raises capital through an initial public offering (IPO) with the intention of acquiring an existing private company, thereby taking it public. Until a target is identified and a business combination is completed, the company holds its IPO proceeds in trust and does not generate operating revenue.
On which stock exchange is Churchill Capital Corp XI (CCXI) listed and in what currency?
Churchill Capital Corp XI is listed on the Nasdaq Global Market (NasdaqGM) under the ticker symbol CCXI. The trading currency for its shares is the United States Dollar (USD). As a company incorporated in the United States and headquartered in New York, New York, it operates within the U.S. financial markets. The NasdaqGM is a tier of the Nasdaq stock exchange that lists companies meeting specific financial and liquidity requirements. Investors can buy and sell CCXI shares during regular trading hours on Nasdaq, and the stock price is quoted in USD. The company's listing on a major U.S. exchange provides liquidity and visibility for potential future business combination targets.
What sector and industry does Churchill Capital Corp XI (CCXI) belong to?
Churchill Capital Corp XI operates in the Financial Services sector and is classified under the Shell Companies industry. Shell companies are entities that have no active business operations or significant assets, often formed for the purpose of raising capital through an IPO to acquire or merge with an existing business. In this case, Churchill Capital Corp XI is a SPAC (special purpose acquisition company), which is a type of shell company specifically created to facilitate a business combination. The Financial Services sector encompasses a wide range of companies that provide financial products and services, including banks, investment firms, and insurance companies. However, as a shell company, CCXI does not currently provide any financial services; its classification reflects its structure rather than its operational activities.
Where is Churchill Capital Corp XI (CCXI) headquartered and what is its geographic focus?
Churchill Capital Corp XI is headquartered in New York, New York, United States. The company was incorporated in 2025 and is based in the financial hub of New York City. While its description does not specify a particular geographic focus for its target acquisition, SPACs typically seek businesses that are based in or have operations in the United States, given the company's U.S. listing and incorporation. The company's management team may have expertise in identifying suitable acquisition targets across various industries and regions, but the available data does not indicate any specific geographic preference. As a U.S.-domiciled SPAC, it is subject to SEC regulations and corporate governance standards applicable to U.S. public companies.
What is the business model of Churchill Capital Corp XI (CCXI) and how does it generate value?
Churchill Capital Corp XI is a special purpose acquisition company (SPAC) that generates value by raising capital through an initial public offering (IPO) and then identifying a private company to acquire or merge with, effectively taking that company public. The company itself does not have any operations or revenue; its sole purpose is to complete a business combination. The SPAC's management team, which typically includes experienced investors or industry executives, uses the IPO proceeds held in trust to fund the acquisition. Once a target is identified and shareholders approve the transaction, the combined entity becomes a publicly traded company. The value for CCXI's shareholders comes from the potential appreciation of the post-merger company's stock. If no suitable acquisition is completed within a specified timeframe (usually two years), the SPAC is liquidated and the trust funds are returned to shareholders.