Skip to content
SPACListing
Browse
ScreenerFilingsMarketDeadlinesSponsorsBanksSectorsLearnPricingWatchlist
SearchingNasdaq

Churchill Capital Corp XIICXII

Class A CXIIUnits CXIIUWarrants CXIIWCIK 0002114227

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.
The mandate, as stated in the IPO prospectus

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 ago

Three 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

Elevated

How 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

Moderate

How 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

Elevated

How 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 days

News sentiment

Neutral
negativeneutralpositive

Across 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

    Aug 14, 2026

    20d ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001104659-26-095311

    Aug 13, 2026

    22d ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-26-088482

    Aug 12, 2026

    22d ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000919574-26-004985

    Aug 12, 2026

    23d ago

    Open filing
  • 8-K

    Current report

    Items 5.02, 9.01 · Accession 0001213900-26-077983

    Jul 14, 2026

    1mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-068780

    Jun 15, 2026

    2mo ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-26-066791

    Jun 9, 2026

    2mo ago

    Open filing
  • SCHEDULE 13D

    Beneficial ownership report (activist)

    Accession 0001213900-26-052616

    May 6, 2026

    4mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001104659-26-055733

    May 5, 2026

    4mo ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-052178

    May 5, 2026

    4mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000912282-26-000671

    May 5, 2026

    4mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001193125-26-204108

    May 4, 2026

    4mo ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-26-049361

    Apr 29, 2026

    4mo ago

    Open filing
  • 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

    Apr 29, 2026

    4mo ago

    Open filing
  • 424B4

    Final IPO prospectus

    Accession 0001213900-26-048413

    Apr 28, 2026

    4mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-048339

    Apr 28, 2026

    4mo ago

    Open filing
  • EFFECT

    Notice of effectiveness

    Accession 9999999995-26-001338

    Apr 28, 2026

    4mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-048193

    Apr 28, 2026

    4mo ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-048192

    Apr 28, 2026

    4mo ago

    Open filing
  • S-1MEF

    Registration of additional IPO securities

    Accession 0001213900-26-048179

    Apr 28, 2026

    4mo ago

    Open filing
  • CERT

    Exchange listing certification

    Accession 0001354457-26-000373

    Apr 27, 2026

    4mo ago

    Open filing
  • 8-A12B

    Registration of securities on an exchange

    Accession 0001213900-26-047822

    Apr 27, 2026

    4mo ago

    Open filing
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-26-047229

    Apr 24, 2026

    4mo ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001213900-26-047209

    Apr 24, 2026

    4mo ago

    Open filing
  • CORRESP

    Correspondence with SEC staff

    Accession 0001213900-26-047188

    Apr 23, 2026

    4mo ago

    Open filing
  • UPLOAD

    SEC staff comment letter

    Accession 0000000000-26-003772

    Apr 14, 2026

    4mo ago

    Open filing
  • S-1

    Registration statement for the initial public offering

    Accession 0001213900-26-039320

    Apr 2, 2026

    5mo ago

    Open filing

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.

Read the full methodology · What is in the dataset · Report a correction

SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.

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.