Infleqtion (NASDAQ: CCCX) moves to delist shares, units and warrants
Rhea-AI Filing Summary
Infleqtion, Inc. (formerly Churchill Capital Corp X) has filed a Form 25 to remove the listing and registration of its securities from The Nasdaq Stock Market LLC under Section 12(b) of the Securities Exchange Act of 1934.
The filing covers the company’s units (each consisting of one Class A ordinary share and one-quarter of one redeemable warrant), its Class A ordinary shares with a par value of $0.0001 per share, and its warrants, where each whole warrant is exercisable for one Class A ordinary share at an exercise price of $11.50. The notification is signed on behalf of the company by Chief Executive Officer Matthew Kinsella.
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Insights
Infleqtion is formally starting the process to remove its Nasdaq listing.
Infleqtion, Inc. has submitted a Form 25, which is the formal notice used to withdraw securities from listing and registration on a national securities exchange. This filing applies to its units, Class A ordinary shares, and associated warrants on Nasdaq.
Once effective, this step typically results in the securities no longer trading on the named exchange, shifting any trading, if applicable, to other venues. The document does not state reasons or next steps, so investors will need later company communications or future filings to understand the broader capital markets strategy around these securities.
FAQ
What action is Infleqtion, Inc. (CCCX) taking in this Form 25 filing?
Infleqtion, Inc. is filing Form 25 to remove the listing and registration of certain securities from The Nasdaq Stock Market LLC. This is the formal step under Section 12(b) of the Exchange Act to delist those securities from Nasdaq.
Which Infleqtion, Inc. (CCCX) securities are covered by the Form 25?
The filing covers units (each one Class A ordinary share plus one-quarter of one redeemable warrant), standalone Class A ordinary shares with $0.0001 par value, and warrants where each whole warrant is exercisable for one Class A ordinary share at an $11.50 exercise price.
What does delisting from Nasdaq mean for Infleqtion, Inc. (CCCX) securities?
Delisting from Nasdaq means these Infleqtion securities will no longer trade on The Nasdaq Stock Market LLC once the process is effective. Listing and registration under Section 12(b) are withdrawn, and any future trading would have to occur on other permissible venues.
Who authorized Infleqtion, Inc.’s (CCCX) Form 25 delisting notice?
The Form 25 notification is signed on behalf of Infleqtion, Inc. by Chief Executive Officer Matthew Kinsella. His signature indicates the company certifies it has reasonable grounds to believe it meets all requirements necessary to file this delisting form.
What is the structure of Infleqtion, Inc. (CCCX) units being delisted?
Each Infleqtion unit being delisted consists of one Class A ordinary share and one-quarter of one redeemable warrant. The associated whole warrants are exercisable for one Class A ordinary share at a specified exercise price of $11.50 per share.
What is the par value of Infleqtion, Inc. (CCCX) Class A ordinary shares?
Infleqtion, Inc.’s Class A ordinary shares covered by the Form 25 have a par value of $0.0001 per share. These Class A shares are among the securities whose listing and registration on The Nasdaq Stock Market LLC are being withdrawn.