Infleqtion, Inc. director James Eric Bjornholt reported receiving a grant of stock options covering 29,950 shares of Common Stock on February 13, 2026. The options have an exercise price of $13.22 per share and expire on February 12, 2036.
According to the filing, one-third of the underlying shares vest on December 21, 2026, with 1/36 of the total vesting each month thereafter, subject to his continued service. This amendment also corrects a prior scrivener’s error in the originally reported first exercisable date.
Infleqtion, Inc. filed a prospectus covering registration of up to 10,425,000 shares of Common Stock issuable upon exercise of Warrants and registration for resale of up to 121,829,432 shares of Common Stock and up to 75,000 Private Warrants by selling securityholders. The company will receive cash proceeds from any cash exercises of the Warrants; it will not receive proceeds from secondary sales by the selling securityholders. The registration arises from the Business Combination completed in February 2026 and related registration rights, and includes 12,654,760 PIPE Shares issued for aggregate gross proceeds of $126.5M.
Infleqtion, Inc. reported full-year 2025 results and issued 2026 revenue guidance of $40 million, reflecting what it describes as growing demand for its quantum sensing and computing solutions. For 2025, loss from operations was $35.3 million, improving from $53.0 million in 2024.
On a non-GAAP basis, Infleqtion reported a 2025 non-GAAP operating loss of $28.1 million and a non-GAAP net loss of $24.6 million, both narrower than 2024. Stock-based compensation totaled $3.1 million in 2025, down from $3.7 million in 2024. The company will discuss these results and its outlook on an April 8, 2026 conference call.
Infleqtion, Inc. has filed an S-1 registering up to 10,425,000 shares of common stock issuable upon exercise of existing warrants, plus up to 121,829,432 outstanding shares and 75,000 private warrants for resale by current holders. Infleqtion will receive cash only if warrant holders exercise their warrants; it receives no proceeds from the resale of shares or warrants.
The company recently completed a SPAC Business Combination with Churchill Capital Corp X, raised approximately $126.5 million through a PIPE financing for 12,654,760 shares, and now trades on the NYSE under “INFQ” and “INFQ WS.” It develops quantum sensing, computing and software solutions and reported net losses of $31.8 million in 2025 and $53.8 million in 2024, with an accumulated deficit of $231.1 million. Infleqtion highlights significant technology, execution, government-dependency and cybersecurity risks as it scales its emerging quantum platform.
Infleqtion, Inc. filed an amendment to a prior report to add full-year 2025 and 2024 audited financial statements and MD&A for ColdQuanta, Inc. dba Infleqtion (Legacy Infleqtion).
Legacy Infleqtion generated $32.5 million in 2025 revenue and reported a $31.8 million net loss, an improvement from a $53.8 million loss in 2024, while using $24.1 million of operating cash and ending 2025 with $11.9 million in cash, cash equivalents and restricted cash.
The notes describe its quantum technology business, heavy reliance on U.S. and U.K. government customers, significant preferred equity financing, SAFE note conversion, and a Business Combination with Churchill Capital Corp X that created Infleqtion, Inc., which had 216,471,927 common shares outstanding immediately after closing, with approximately 70.1% of voting rights held by Legacy Infleqtion securityholders.
Infleqtion, Inc. filed an amended report about its change in independent auditor. The Audit Committee approved dismissing WithumSmith+Brown, PC after completion of the audit for the year ended December 31, 2025, and Withum was dismissed on March 31, 2026.
Withum’s reports contained no adverse opinions or scope qualifications, but did include a substantial doubt about the company’s ability to continue as a going concern. The company reports no disagreements or reportable events with Withum and has engaged KPMG LLP as its new independent registered public accounting firm for the year ending December 31, 2026.
Infleqtion, Inc., formerly Churchill Capital Corp X, files its annual report after completing a February 2026 business combination and domestication from the Cayman Islands to Delaware, becoming a NYSE-listed quantum technology company under ticker INFQ.
The company develops a full-stack neutral-atom quantum platform spanning sensing, computing and software. Products include Tiqker optical atomic clocks, Sqywire RF sensors, Exaqt inertial and gravimetric sensors, and the Sqale quantum computer, which has demonstrated a 99.73% controlled-Z gate fidelity and 12 logical qubits as of December 31, 2025.
Infleqtion reports net losses of $31.8 million in 2025 and $53.8 million in 2024, with an accumulated deficit of $231.1 million, reflecting heavy investment in R&D, manufacturing capacity and go-to-market. As of March 20, 2026, it has 216,471,927 common shares outstanding and 205 employees, more than 160 of whom are physicists and engineers.
Infleqtion, Inc. is changing its independent auditor. On March 20, 2026, the Audit Committee approved the dismissal of WithumSmith+Brown, PC as auditor, effective after Withum completes the audit of the Company’s consolidated financial statements for the year ended December 31, 2025.
Withum’s prior report on Churchill Capital Corp X’s 2024 financial statements contained no adverse opinions or qualifications, and there were no disagreements or reportable events under SEC rules. The Company has requested a confirmation letter from Withum, filed as Exhibit 16.1.
The Audit Committee also approved engaging KPMG LLP as Infleqtion’s independent auditor for the year ending December 31, 2026, subject to Churchill’s 2025 Form 10-K filing and execution of an engagement letter. The Company states it did not consult KPMG on accounting or audit matters before this engagement.
Infleqtion, Inc. Schedule 13G filing reports that BOKA Group entities and John James together report 12,448,810 shares of Common Stock, representing 5.75% of the class as calculated on February 13, 2026.
The filing states these shares are held by BOKA Group Holdings I LP, with shared voting and dispositive power reported, and that the reporting persons file jointly while disclaiming beneficial ownership except to the extent of pecuniary interest.