Financing ·
Churchill Capital Corp XI issued an unsecured promissory note to its sponsor, Churchill Sponsor XI LLC, for up to $1.5…
CCXIChurchill Capital Corp XI
Churchill Capital Corp XI issued an unsecured promissory note to its sponsor, Churchill Sponsor XI LLC, for up to $1.5 million in working capital financing on August 7, 2026. The note bears no interest and matures upon the earlier of a business combination or liquidation. The sponsor may convert outstanding amounts into units at $10.00 per unit, with each unit comprising one Class A ordinary share and one-tenth of a warrant exercisable at $11.50 per share. This financing supports the company's operations as it seeks to complete an initial business combination in the special purpose acquisition company sector.