Churchill Capital Corp X (CCCX) shifts listing to NYSE tied to Infleqtion deal

Rhea-AI Filing Summary

Churchill Capital Corp X plans to move its stock market listing from Nasdaq to the New York Stock Exchange in connection with its previously announced business combination with ColdQuanta, Inc. (Infleqtion). The move is contingent on completing the business combination and a re‑domiciling from the Cayman Islands to Delaware.

At closing, each Class A ordinary share will convert one-for-one into common stock, and each public warrant will convert into a warrant for the same number of common shares. Units from the initial public offering will separate into shares and warrants before closing. Trading of the current securities on Nasdaq is expected to end on February 13, 2026, with the new common stock and warrants expected to begin trading on the NYSE on February 17, 2026 under the symbols “INFQ” and “INFQ WS”.

Churchill Capital Corp X/Cayman Units, each consisting of one Class A ordinary share and one-quarter of one redeemable warrant CCCXU NASDAQ Class A ordinary shares, par value $0.0001 per share CCCX NASDAQ Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share CCCXW NASDAQ false 0002007825 0002007825 2026-02-03 2026-02-03 0002007825 us-gaap:CapitalUnitsMember 2026-02-03 2026-02-03 0002007825 us-gaap:CommonClassAMember 2026-02-03 2026-02-03 0002007825 us-gaap:WarrantMember 2026-02-03 2026-02-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 3, 2026

CHURCHILL CAPITAL CORP X

(Exact name of registrant as specified in its charter)

Delaware		001-42646		86-1946291
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

640 Fifth Avenue, 14th Floor

New York, NY 10019

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (212) 380-7500

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☒ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of each class		Trading Symbol		Name of each exchange on which registered
Units, each consisting of one Class A ordinary share and one-quarter of one redeemable warrant		CCCXU		The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per share		CCCX		The Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share		CCCXW		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On February 3, 2026, Churchill Capital Corp X, a Cayman Islands exempted company (“Churchill X”) notified the Nasdaq Stock Market LLC (“Nasdaq”) of Churchill X’s intent to transfer the listing of its Class A ordinary shares, par value $0.0001 per share (the “Class A Ordinary Shares”) and public warrants (the “CCX Warrants”) (each, the Common Stock and Warrants following transactions contemplated by the Business Combination, as defined below), from Nasdaq to the New York Stock Exchange (the “NYSE”) following, and subject to the completion of, its previously announced business combination with ColdQuanta, Inc. (d/b/a Infleqtion) (“Infleqtion”, and such related transactions, the “Business Combination”). In connection with the Business Combination, Churchill X will transfer its registration by way of continuation from the Cayman Islands to the State of Delaware and: (1) each Class A Ordinary Share will automatically convert, on a one-for-one basis, into one share of common stock of Churchill X (the “Common Stock”); and (2) each of the issued and outstanding CCX Warrants will automatically convert into warrants (“Warrants”) to acquire a corresponding number of shares of the Common Stock, on a one-for-one basis. In addition, prior to the closing of the Business Combination, each unit of CCX sold in its initial public offering (“Unit”) will be separated into one Class A Ordinary Share and one-quarter of one CCX Warrant. The Units will no longer be listed on Nasdaq following the closing of the Business Combination.

Churchill X expects that the listing and trading of its Class A Ordinary Shares, CCX Warrants and Units will end at market close on February 13, 2026 and that trading of the Common Stock and Warrants will begin on the NYSE at the market open on February 17, 2026. Following the completion of the Business Combination, we expect that the Common Stock and Warrants will trade on the NYSE under the symbols “INFQ” and “INFQ WS”, respectively.

Item 7.01 Regulation FD Disclosure.

On February 3, 2026, Churchill X issued a press release in connection with the anticipated transfer of the listing of the Common Stock and Warrants from Nasdaq to the NYSE in connection with the Business Combination. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated by reference herein.

The information in this Item 7.01, including Exhibit 99.1, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of Churchill X under the Securities Act of 1933, as amended or the Exchange Act, regardless of any general incorporation language in such filings. This Current Report on Form 8-K (this “Current Report”) will not be deemed an admission as to the materiality of any information in this Item 7.01, including Exhibit 99.1.

Additional Information and Where to Find It

The proposed transaction will be submitted to shareholders of Churchill X for their consideration. Churchill X has filed a registration statement on Form S-4 with the Securities and Exchange Commission (the “SEC”), which was declared effective by the SEC on January 23, 2026, and which includes a definitive proxy statement/prospectus. The definitive proxy statement/prospectus and other relevant documents have been mailed to Infleqtion stockholders and Churchill X shareholders as of January 13, 2026, the record date established for voting on the proposed transaction, in connection with Churchill X’s solicitation of proxies for the vote by Churchill X’s shareholders in connection with the proposed transaction and other matters described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Infleqtion stockholders in connection with the completion of the proposed transaction. Before making any voting or investment decision, Churchill X shareholders, Infleqtion stockholders and other interested persons are advised to read the definitive proxy statement/prospectus, as well as other documents filed with the SEC by Churchill X in connection with the proposed transaction, as these documents contain important information about Churchill X, Infleqtion and the proposed transaction. Shareholders may obtain a copy of the definitive proxy statement/prospectus, as well as other documents filed by Churchill X with the SEC, without charge, at the SEC’s website located at www.sec.gov or by directing a written request to Churchill Capital Corp X, 640 Fifth Avenue, 12th Floor, New York, NY 10019.

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Forward-Looking Statements

This Current Report includes “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Infleqtion has based these forward-looking statements on current expectations and projections about future events. These statements include: projections of market opportunity and market share; estimates of customer adoption rates and usage patterns; projections regarding Infleqtion’s ability to commercialize new products and technologies; projections of development and commercialization costs and timelines; expectations regarding Infleqtion’s ability to execute its business model and the expected financial benefits of such model; expectations regarding Infleqtion’s ability to attract, retain and expand its customer base; Infleqtion’s deployment of proceeds from capital raising transactions; Infleqtion’s expectations concerning relationships with strategic partners, suppliers, governments, state-funded entities, regulatory bodies and other third parties; Infleqtion’s ability to maintain, protect and enhance its intellectual property; future ventures or investments in companies, products, services or technologies; development of favorable regulations affecting Infleqtion’s markets; the potential benefits of the proposed transaction and expectations related to its terms and timing; and the potential for Infleqtion to increase in value.

These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond the control of Infleqtion and Churchill X.

These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause Infleqtion’s or Churchill X’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such statements. Such risks and uncertainties include: that Infleqtion is pursuing an emerging technology, faces significant technical challenges and may not achieve commercialization or market acceptance; Infleqtion’s historical net losses and limited operating history; Infleqtion’s expectations regarding future financial performance, capital requirements and unit economics; Infleqtion’s use and reporting of business and operational metrics; Infleqtion’s competitive landscape; Infleqtion’s dependence on members of its senior management and its ability to attract and retain qualified personnel; Infleqtion’s concentration of revenue in contracts with government or state-funded entities; the potential need for additional future financing; Infleqtion’s ability to manage growth and expand its operations; potential future acquisitions or investments in companies, products, services or technologies; Infleqtion’s reliance on strategic partners and other third parties; Infleqtion’s ability to maintain, protect and defend its intellectual property rights; risks associated with privacy, data protection or cybersecurity incidents and related regulations; the use, rate of adoption and regulation of artificial intelligence and machine learning; uncertainty or changes with respect to laws and regulations; uncertainty or changes with respect to taxes, trade conditions and the macroeconomic environment; the combined company’s ability to maintain internal control over financial reporting and operate a public company; the possibility that required regulatory approvals for the proposed transaction are delayed or are not obtained, which could adversely affect the combined company or the expected benefits of the proposed transaction; the risk that shareholders of Churchill X could elect to have their shares redeemed, leaving the combined company with insufficient cash to execute its business plans; the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; the outcome of any legal proceedings or government investigations that may be commenced against Infleqtion or Churchill X; failure to realize the anticipated benefits of the proposed transaction; the ability of Churchill X or the combined company to issue equity or equity-linked securities in connection with the proposed transaction or in the future; and other factors described in Churchill X’s filings with the SEC. Additional information concerning these and other factors that may impact such forward-looking statements can be found in filings and potential filings by Infleqtion, Churchill X or the combined company resulting from the proposed transaction with the SEC, including under the heading “Risk Factors.” If any of these risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, these statements reflect the expectations, plans and forecasts of Infleqtion’s and Churchill X’s management as of the date of this Current Report; subsequent events and developments may cause their assessments to change. While Infleqtion and Churchill X may elect to update these forward-looking statements at some point in the future, they specifically disclaim any obligation to do so. Accordingly, undue reliance should not be placed upon these statements.

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In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this Current Report, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements. An investment in Churchill X is not an investment in any of our founders’ or sponsors’ past investments, companies or affiliated funds. The historical results of those investments are not indicative of future performance of Churchill X, which may differ materially from the performance of our founders’ or sponsors’ past investments.

Participants in the Solicitation

Churchill X, Infleqtion and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from Churchill X’s shareholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Churchill X’s shareholders in connection with the proposed transaction is set forth in the definitive proxy statement/prospectus filed by Churchill X with the SEC. You can find more information about Churchill X’s directors and executive officers in Churchill X’s final prospectus related to its initial public offering filed with the SEC on May 15, 2025. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests are included in the definitive proxy statement/prospectus. Shareholders, potential investors and other interested persons should read the definitive proxy statement/prospectus carefully before making any voting or investment decisions. You may obtain free copies of these documents from the sources described above.

No Offer or Solicitation

This Current Report does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This Current Report is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number		Description
99.1		Press Release, dated February 3, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 3, 2026

CHURCHILL CAPITAL CORP X
By:		/s/ Jay Taragin
Name:		Jay Taragin
Title:		Chief Financial Officer

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FAQ

What did Churchill Capital Corp X (CCCX) announce in this 8-K?

Churchill Capital Corp X announced plans to transfer its stock listing from Nasdaq to the NYSE in connection with its business combination with ColdQuanta, Inc. (Infleqtion). The change depends on completing the transaction and converting to a Delaware corporation.

When will CCCX stop trading on Nasdaq and start trading on the NYSE?

Churchill Capital Corp X expects Nasdaq trading to end on February 13, 2026, with NYSE trading of the new common stock and warrants expected to begin on February 17, 2026. These timing expectations are linked to closing the business combination.

What ticker symbols will Infleqtion use on the NYSE after the merger?

After completing the business combination, the common stock is expected to trade on the NYSE under “INFQ”, and the warrants are expected to trade under “INFQ WS”. These symbols will replace Churchill Capital Corp X’s existing Nasdaq listings.

How will CCCX Class A ordinary shares and warrants convert in the transaction?

Each Class A ordinary share will automatically convert one-for-one into a share of common stock of the Delaware corporation. Each outstanding CCX Warrant will convert into a warrant to acquire the same number of common shares, also on a one-for-one basis.

What happens to CCCX units sold in the initial public offering?

Before closing the business combination, each CCCX unit will separate into one Class A ordinary share and one-quarter of one CCX Warrant. After the transaction closes, the units themselves will no longer be listed on Nasdaq.

Where can CCCX and Infleqtion investors find detailed information on the transaction?

Investors can review the effective Form S-4 registration statement with definitive proxy statement/prospectus filed with the SEC. Documents are available at www.sec.gov or by written request to Churchill Capital Corp X’s New York office.