Churchill Capital Corp XIII Announces the Pricing of Upsized $360 Million Initial Public Offering
Rhea-AI Summary
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.
Positive
- $360 million IPO from 36,000,000 units priced at $10.00
- 45-day underwriter option for up to 5,400,000 additional units
- Listing on Nasdaq Global Market under symbols XIIIU, XIII, XIIIW
- SPAC structure provides capital pool to pursue future business combination
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, July 30, 2026 (GLOBE NEWSWIRE) -- Churchill Capital Corp XIII (the “Company”) announced the pricing of its upsized initial public offering of 36,000,000 units at
Churchill Capital Corp XIII was founded by Michael Klein, who is also the founder and managing partner of M. Klein and Company, LLC. The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.
Citigroup is acting as sole book-running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 5,400,000 units at the initial public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus, copies of which may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146), or by accessing the U.S. Securities and Exchange Commission’s (the “SEC”) website at www.sec.gov.
A registration statement relating to these securities has been declared effective by the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact:
Churchill Capital Corp XIII
info@churchillcapitalcorp.com
212-380-7500
