Quarterly ResultMay 13, 2026, 04:13 PM
Churchill Capital Corp XI Q1 Net Income $3.17M; EPS $0.06
AI Summary
Churchill Capital Corp XI reported a net income of $3.17 million for the three months ended March 31, 2026, with basic and diluted earnings per share of $0.06. This income was primarily generated from $3.55 million in interest earned on marketable securities held in its Trust Account, offsetting general and administrative costs of $373,673. As a Special Purpose Acquisition Company (SPAC), CCXI has not yet commenced operations and is actively seeking a business combination, with $418.09 million held in its Trust Account.
Key Highlights
- Net income for the three months ended March 31, 2026, was $3.17 million.
- Basic and diluted EPS for Class A and Class B Ordinary Shares was $0.06.
- Interest earned on marketable securities in Trust Account totaled $3.55 million.
- General and administrative costs for the quarter were $373,673.
- Marketable securities and cash in Trust Account reached $418.09 million as of March 31, 2026.
- Cash balance was $410,097 as of March 31, 2026.
- Deferred underwriting fee payable remained at $15.99 million.