Churchill Capital XIII Completes $414M Upsized IPO

Churchill Capital Corp XIII completed its upsized initial public offering (IPO) on August 3, 2026, raising gross proceeds of $414,000,000 from the sale of 41,400,000 units, including the full exercise of the underwriter's over-allotment option. Concurrently, the company completed a private placement of 350,000 units to its sponsor, generating an additional $3,500,000. A total of $414,000,000 from the IPO and private placement proceeds was placed into a trust account. Additionally, William Sherman was appointed to the board of directors, serving as interim chair of the Audit Committee and chair of the Compensation Committee.