Recent Updates — 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.