[SCHEDULE 13G] Churchill Capital Corp X Unit SEC Filing

Rhea-AI Filing Summary

Barclays PLC reports beneficial ownership of 2,730,528 units of Churchill Capital Corp X, representing 6.54% of the unit class. The filing shows Barclays holds sole voting and sole dispositive power over these units and identifies Barclays Bank PLC as the relevant subsidiary. The statement was filed on a Schedule 13G, and Barclays certifies the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Positive

• Material disclosure: Barclays reports a >5% holding — 2,730,528 units (6.54%), which is investor-relevant.
• Sole voting and dispositive power: The filing states Barclays has exclusive authority to vote and dispose of the reported units.
• Schedule 13G filing: The use of Schedule 13G and the certification indicate the position is presented as passive and held in the ordinary course of business.

Negative

• No transaction details provided: The filing does not disclose acquisition dates, purchase prices, or transaction history for the reported units.
• Percent basis not shown: The filing does not state the total units outstanding used to calculate the 6.54%, so readers cannot independently verify the denominator from this document alone.

Insights

Financial Analyst

TL;DR: A material passive stake (6.54%) disclosed; ownership gives Barclays voting control over reported units but is presented as non-control intent.

Barclays' disclosure of 2,730,528 units (6.54%) is large enough to be material to holders of CCCXU and may affect voting outcomes on close votes, yet the Schedule 13G classification and the certification state the position is held in the ordinary course and not to influence control. The filing also clarifies Barclays has sole voting and dispositive power over the reported units, which investors should note when assessing potential vote aggregation or proxy dynamics.

Corporate Governance Expert

TL;DR: Material stake disclosed with explicit passive intent; sole voting power noted, so governance implications exist despite asserted non-control purpose.

The report identifies Barclays PLC as the reporting person and names Barclays Bank PLC as the relevant subsidiary, providing clarity on entity relationships. Filing on a Schedule 13G signals passive intent, but the explicit statement of sole voting power means Barclays can exercise votes on these units. From a governance perspective, this combination warrants monitoring of proxy votes where a 6.54% block could be decisive.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

CHURCHILL CAPITAL CORP X

(Name of Issuer)

UNIT

(Title of Class of Securities)

G2130T124

(CUSIP Number)

06/30/2025

(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. G2130T124

1

Names of Reporting Persons

Barclays PLC

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 KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,730,528.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,730,528.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,730,528.00

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)

6.54 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CHURCHILL CAPITAL CORP X
(b)	Address of issuer's principal executive offices: 640 Fifth Avenue, 14th Floor, NY, 10019
Item 2.
(a)	Name of person filing: Barclays PLC
(b)	Address or principal business office or, if none, residence: 1 Churchill Place, London - E14 5HP
(c)	Citizenship: X0
(d)	Title of class of securities: UNIT
(e)	CUSIP No.: G2130T124
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: 2730528
(b)	Percent of class: 6.54 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2730528
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2730528
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
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.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Barclays Bank PLC
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.

Barclays PLC

Signature:	Ramya Rao
Name/Title:	Director
Date:	08/12/2025

FAQ

What stake did Barclays PLC report in Churchill Capital Corp X (CCCXU)?

Barclays PLC reported beneficial ownership of 2,730,528 units, representing 6.54% of the unit class.

Was the filing submitted as a Schedule 13G or 13D for CCCXU?

The statement was filed on a Schedule 13G.

Does Barclays claim intent to influence control of CCCXU?

No; the certification states the securities were acquired and are held in the ordinary course of business and not to change or influence control.

What voting and disposition rights does Barclays have over the reported units?

Barclays reports sole voting power and sole dispositive power over the 2,730,528 units.

Which Barclays entity is identified in the filing as the relevant subsidiary?

The filing identifies Barclays Bank PLC as the subsidiary associated with the reported acquisition.

When is the event date referenced in the filing?

The filing lists the "Date of Event Which Requires Filing of this Statement" as 06/30/2025.