Financing ·
Churchill Capital Corp XIII consummated its initial public offering on August 3, 2026, selling 41,400,000 units at…
XIIIChurchill Capital Corp XIII
Churchill Capital Corp XIII consummated its initial public offering on August 3, 2026, selling 41,400,000 units at $10.00 per unit, including the full exercise of the underwriter's over-allotment option. The IPO generated gross proceeds of $414,000,000. Simultaneously, the company completed a private placement of 350,000 units to its sponsor for $3,500,000. A total of $414,000,000 was placed in a U.S.-based trust account. William Sherman was appointed to the board and serves as interim chair of the Audit Committee and chair of the Compensation Committee. The company operates as a blank check company formed to effect a merger or business combination with one or more businesses.