Churchill Capital X shareholders approve business combination with Infleqtion

Churchill Capital Corp X (CCCX) “announced that its shareholders have approved the previously announced business combination with Infleqtion, Inc., a global leader in quantum sensing and quantum computing powered by neutral-atom technology. The strong support from Churchill X’s shareholders is expected to result in Infleqtion receiving over $550 million of gross proceeds, including nearly 100% of the cash held in Churchill X’s trust account prior to the redemption deadline and more than $125 million of incremental capital raised through a common stock PIPE at the transaction valuation from leading existing Infleqtion stockholders and new institutional investors.”