Financing ·
On July 2, 2026, Churchill Capital Corp XI issued an unsecured promissory note to its sponsor, Churchill Sponsor XI…
CCXIWChurchill Capital Corp XI
On July 2, 2026, Churchill Capital Corp XI issued an unsecured promissory note to its sponsor, Churchill Sponsor XI LLC, for an aggregate principal amount of up to $1,500,000 to fund working capital needs. The note is non-interest bearing and matures upon the company's liquidation or the closing of an initial business combination. The sponsor may convert the outstanding amount into units at a price of $10.00 per unit, where each unit comprises one Class A ordinary share and one-tenth of a warrant exercisable at $11.50 per share. The company is a special purpose acquisition company (SPAC) formed to effect a business combination.