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Churchill Capital Corp XIII places Nasdaq IPO raising $360 million

Churchill Capital Corp XIII placed 36,000,000 units at $10.00 each, raising $360 million; the units are trading on the Nasdaq Global Market under the ticker XIIIU. Each unit consists of one Class A common share and one-tenth of a redeemable warrant exercisable to buy one common share at $11.50; separate trading symbols will be XIII (shares) and XIIIW (warrants). The offering is expected to close on August 3, 2026; Citigroup is sole bookrunner and has a 45-day option to purchase up to 5,400,000 additional units. Churchill Capital Corp XIII is a SPAC founded by Michael Klein that is seeking potential acquisition targets in any industry. » More on de.investing.com