Churchill Capital Corp XIICXII
Cash in trust
$416.5M
$416,522,490
Trust per share
—
Redemption value
IPO
Apr 2026
—
Combination deadline
Apr 29, 2028
603 days remaining
Filings on record
27
Latest Aug 14, 2026
Overview
Churchill Capital Corp XII is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002114227. It completed its initial public offering in Apr 2026 and listing on Nasdaq. Class A shares trade under the ticker CXII, units under CXIIU, warrants under CXIIW on Nasdaq. The vehicle is sponsored by Churchill Capital through Churchill Sponsor XII LLC. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.
“we intend to focus our search for an initial business combination in a single industry.”
Reading the filings
Arithmetic on what Churchill Capital Corp XII has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Time on the clock
603 days to the Apr 29, 2028 deadline. The vehicle is early in its search window, and the deadline is not yet the binding constraint.
Sponsor record
Churchill Capital has launched 5 vehicles. Of the 3 that have resolved, 0 closed a combination and 3 liquidated, a 0% completion rate. A sponsor's record is not a forecast, but it does tell you whether the team has taken a deal across the line before.
Underwriting
Citigroup led the offering. It has been named on 123 SPAC IPOs, book-running 87 of them, and 12.4% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
Scores
Recomputed 4m agoThree readings of Churchill Capital Corp XII, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
Edge
ElevatedHow much does the structure protect a holder right now?
62/100
- Runway91
603 days
- Sponsor record33
0.0%
Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.
FOMO
ModerateHow much attention is this vehicle attracting right now?
35/100
- Filing activity69
4 in 30 days
- News coverage0
0 stories in 30 days
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
ElevatedHow likely is this vehicle to complete a combination, and at what scale?
59/100
- Sponsor record33
0.0%
- Lead bank record24
12.4%
- Bank franchise98
123 SPAC mandates
- Trust scale99
$417M
- Stage40
searching
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
News on Churchill Capital Corp XII
Last 90 daysNews sentiment
NeutralAcross 1 recent story, weighted towards the newest. Scored by our own headline classifier using finance- and SPAC-specific terms. It reads what a story is about, not what the shares are worth.
SEC filing history
Free tier: filings older than 24 hours- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001214659-26-010342
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001104659-26-095311
- 10-Q
Quarterly report
Accession 0001213900-26-088482
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0000919574-26-004985
- 8-K
Current report
Items 5.02, 9.01 · Accession 0001213900-26-077983
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-068780
- 10-Q
Quarterly report
Accession 0001213900-26-066791
- SCHEDULE 13D
Beneficial ownership report (activist)
Accession 0001213900-26-052616
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001104659-26-055733
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-052178
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0000912282-26-000671
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001193125-26-204108
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-049361
- 8-K
Entry into a material definitive agreement; Other events
Items 1.01, 3.02, 5.02, 5.03, 8.01, 9.01 · Accession 0001213900-26-049354
- 424B4
Final IPO prospectus
Accession 0001213900-26-048413
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-048339
- EFFECT
Notice of effectiveness
Accession 9999999995-26-001338
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-048193
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-048192
- S-1MEF
Registration of additional IPO securities
Accession 0001213900-26-048179
- CERT
Exchange listing certification
Accession 0001354457-26-000373
- 8-A12B
Registration of securities on an exchange
Accession 0001213900-26-047822
- S-1/A
Amended IPO registration statement
Accession 0001213900-26-047229
- CORRESP
Correspondence with SEC staff
Accession 0001213900-26-047209
- CORRESP
Correspondence with SEC staff
Accession 0001213900-26-047188
- UPLOAD
SEC staff comment letter
Accession 0000000000-26-003772
- S-1
Registration statement for the initial public offering
Accession 0001213900-26-039320
Churchill Capital Corp XII: questions answered
What is Churchill Capital Corp XII (CXII)?
Churchill Capital Corp XII is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002114227. It completed its initial public offering in Apr 2026 and listing on Nasdaq. Class A shares trade under the ticker CXII, units under CXIIU, warrants under CXIIW on Nasdaq. The vehicle is sponsored by Churchill Capital through Churchill Sponsor XII LLC. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.
How much does Churchill Capital Corp XII hold in trust?
Approximately $416,522,490, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must Churchill Capital Corp XII complete a merger?
By Apr 29, 2028. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if Churchill Capital Corp XII does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Churchill Capital Corp XII, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does Churchill Capital Corp XII trade under?
Class A shares trade as CXII on Nasdaq, the units as CXIIU, and the warrants as CXIIW. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for Churchill Capital Corp XII?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do Churchill Capital Corp XII's founder shares and warrants create?
Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors Churchill Capital Corp XII, and what is their track record?
Churchill Sponsor XII LLC is the sponsor entity, part of the Churchill Capital franchise. That franchise has launched 5 vehicles in total, of which 0 closed a combination and 3 liquidated, a 0% completion rate on resolved vehicles. Named principals: Michael Klein.
Which banks underwrote the Churchill Capital Corp XII IPO?
Citigroup. Citigroup was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Churchill Capital Corp XII tradeable, and where?
Yes. CXII returned a live quote of $10.78 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.
Is Churchill Capital Corp XII a good investment?
That is not a question this site answers. Churchill Capital Corp XII is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Churchill Capital Corp XII data come from?
Filings Churchill Capital Corp XII submitted to the SEC under CIK 0002114227: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Sep 4, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Churchill Capital: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Citigroup in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Generalist SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All spacs searching for a target
IPO closed, trust funded, no definitive agreement announced.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.