Here are the 10-Q quarterly reports from Churchill Capital Corp XI Units (CCXIU) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CCXIU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CCXIU filings page.
Churchill Capital Corp XI is a SPAC that reported a net loss of $131.5 million for the six months ended June 30, 2026, driven mainly by a $98.7 million loss from the change in fair value of a Subscription Agreement liability and $39.1 million of related subscription expense, partly offset by $7.3 million of interest income on trust investments.
Total assets were $422.6 million, including $420.9 million of marketable securities and cash held in a trust account supporting 41,400,000 Class A ordinary shares subject to redemption. The company had cash of $1.25 million outside the trust and a working capital deficit of $138.3 million.
On June 24, 2026 Churchill entered into a Merger Agreement with Agility Robotics, Inc. based on a pre-money equity value of $2.5 billion, and concurrent PIPE Subscription Agreements for 20,102,500 shares at $10.00 per share, totaling $201.0 million. Management disclosed that current liquidity conditions and the need for additional capital raise substantial doubt about the company’s ability to continue as a going concern pending completion of a business combination within the specified combination period.
Churchill Capital Corp XI reported its first full quarter as a public SPAC for the three months ended March 31, 2026, posting net income of $3,171,373. Results were driven by interest income of $3,545,046 on $418,094,829 of marketable securities and cash held in the Trust Account, partially offset by general and administrative costs of $373,673.
At quarter-end the company held cash of $410,097 outside the Trust Account and reported working capital of $635,351, with no borrowings under its working capital loan facilities. The balance sheet reflected 41,400,000 Class A ordinary shares subject to possible redemption at an aggregate redemption value of $417,094,829 and a deferred underwriting fee payable of $15,990,000.
Churchill Capital XI remains a pre‑combination blank check company focused on identifying a target business within its 24–27 month Combination Period ending no later than December 18, 2027. Subsequent to quarter-end, on April 16, 2026, it withdrew $1,000,000 from the Trust Account for working capital purposes, within the permitted annual withdrawal limit tied to interest earned.