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Infleqtion, a leading quantum technology company, announced a merger with Churchill Capital Corp X (NASDAQ: CCCX) to go public under the ticker "INFQ". The deal values Infleqtion at a $1.8 billion pre-money equity value and is expected to provide over $540 million in gross proceeds, including a $125 million PIPE investment from notable investors.
The company specializes in neutral atom-based quantum technology, generating $29 million in trailing twelve-month revenue as of June 2025, with $50 million in booked business and a $300+ million pipeline. Infleqtion has achieved significant technical milestones, including 1,600 physical qubits and 99.73% entangling fidelity, and serves major clients like NVIDIA, NASA, and the U.S. Department of Defense.
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