Empyrean Capital (CCCX) discloses exit from Churchill Capital Corp X shares

Rhea-AI Filing Summary

Churchill Capital Corp X/Cayman investors Empyrean Capital Partners and Amos Meron report that they no longer own any Class A ordinary shares of the company. In this amended Schedule 13G, they state beneficial ownership of 0 shares, representing 0% of the class, with no voting or dispositive power.

The filing confirms the securities had been held in the ordinary course of business and not for the purpose of changing or influencing control of Churchill Capital Corp X. Both parties certify the accuracy of these disclosures as of the reported ownership date.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Churchill Capital Corp X/Cayman

(Name of Issuer)

Class A Ordinary Shares, $0.0001 par value per share

(Title of Class of Securities)

G2130T108

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G2130T108

1

Names of Reporting Persons

Empyrean Capital Partners, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA, PN

Comment for Type of Reporting Person: See Item 4 of the Schedule 13G

SCHEDULE 13G

CUSIP No. G2130T108

1

Names of Reporting Persons

Amos Meron

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: See Item 4 of the Schedule 13G

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Churchill Capital Corp X/Cayman
(b)	Address of issuer's principal executive offices: 640 Fifth Avenue, 14th Floor, New York, NY, 10019
Item 2.
(a)	Name of person filing: This statement is filed by: (i) Empyrean Capital Partners, LP ("ECP"), a Delaware limited partnership, which serves as investment manager to Empyrean Capital Overseas Master Fund, Ltd. ("ECOMF"), a Cayman Islands exempted company, with respect to the Class A ordinary shares, par value $0.0001 per share (the "Class A Ordinary Shares") of Churchill Capital Corp X (the "Company") directly held by ECOMF; (ii) Mr. Amos Meron, who serves as the managing member of Empyrean Capital, LLC, the general partner of ECP, with respect to the Class A Ordinary Shares directly held by ECOMF. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of Class A Ordinary Shares owned by another Reporting Person.
(b)	Address or principal business office or, if none, residence: The address of the business office of each of the Reporting Persons is c/o Empyrean Capital Partners, L.P., 10250 Constellation Boulevard, Suite 2950, Los Angeles, CA 90067
(c)	Citizenship: ECP - a Delaware limited partnership Amos Meron - United States
(d)	Title of class of securities: Class A Ordinary Shares, $0.0001 par value per share
(e)	CUSIP No.: G2130T108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0
(b)	Percent of class: 0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Empyrean Capital Partners, LP

Signature:	/s/ Jennifer Norman
Name/Title:	Chief Compliance Officer
Date:	02/17/2026

Amos Meron

Signature:	/s/ Amos Meron
Name/Title:	Amos Meron
Date:	02/17/2026

Exhibit Information

Exhibit 99.1 Joint Filing Agreement

FAQ

What does CCCX’s Schedule 13G/A filed by Empyrean Capital report?

The Schedule 13G/A reports that Empyrean Capital Partners and Amos Meron now beneficially own 0 Class A ordinary shares of Churchill Capital Corp X. Their reported ownership percentage is 0% of the class, meaning they no longer have voting or dispositive power over these shares.

Who are the reporting persons in the CCCX Schedule 13G/A?

The reporting persons are Empyrean Capital Partners, LP, a Delaware investment adviser, and Amos Meron, a U.S. individual who is managing member of Empyrean Capital, LLC, the general partner of Empyrean Capital Partners. Together they are referred to as the Reporting Persons.

What ownership percentage of CCCX shares do Empyrean and Amos Meron report?

They report beneficial ownership of 0 Class A ordinary shares and a 0% ownership of Churchill Capital Corp X’s Class A ordinary share class. The filing also shows they have no sole or shared voting or dispositive power over any of these securities.

Which CCCX security class is covered by this Schedule 13G/A filing?

The filing covers Class A Ordinary Shares of Churchill Capital Corp X/Cayman, with a par value of $0.0001 per share. The security is identified by CUSIP G2130T108, which uniquely labels this class of CCCX equity securities for market and regulatory purposes.

Why do Empyrean and Amos Meron say they held CCCX shares?

They certify the securities were acquired and held in the ordinary course of business, not to change or influence control of Churchill Capital Corp X. The statement also notes the holdings were not part of any transaction intended to affect control, except potential activities tied to proxy nomination rules.

Where are the reporting persons in the CCCX filing based?

Empyrean Capital Partners, LP is organized in Delaware, and Amos Meron is a citizen of the United States. Their shared business address is listed as 10250 Constellation Boulevard, Suite 2950, Los Angeles, CA 90067, which serves as the contact location for this filing.