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Churchill Capital Corp XIII (Nasdaq: XIIIU) closed its upsized initial public offering of 41,400,000 units, including 5,400,000 units from the underwriter’s full over-allotment exercise, at $10.00 per unit, generating $414,000,000 in gross proceeds.
Each unit includes one Class A ordinary share and one-tenth of a redeemable warrant, with each whole warrant exercisable at $11.50 per share. According to the company, $414,000,000 (or $10.00 per public unit) was placed in a trust account. The SPAC, founded by Michael Klein, aims to complete a business combination in any sector.
Churchill Capital Corp XIII (Nasdaq: XIIIU) priced an upsized initial public offering of 36,000,000 units at $10.00 per unit, for gross proceeds of $360 million. Each unit includes one Class A ordinary share and one‑tenth of a redeemable warrant exercisable at $11.50 per share.
The units begin trading on the Nasdaq Global Market on July 30, 2026 under the symbol XIIIU, with shares and warrants expected to trade separately as XIII and XIIIW. Closing is expected on August 3, 2026, subject to customary conditions. Citigroup is sole book‑running manager, and the underwriter has a 45‑day option to buy up to 5,400,000 additional units. According to Churchill Capital Corp XIII, the SPAC was formed to pursue a business combination in any industry.