Churchill Capital Corp XI

What Churchill Capital Corp XI does

Churchill Capital Corp XI is a Special Purpose Acquisition Company (SPAC) incorporated in 2025 and founded by Michael Klein, founder and managing partner of M. Klein and Company, LLC. The company is sponsored by M. Klein Associates, Inc. (MKA) and represents the eleventh vehicle in the Churchill Capital SPAC series. It completed an upsized $414 million initial public offering in December 2025, with units listed on the Nasdaq Global Market under ticker CCXIU, Class A ordinary shares under CCXI, and warrants under CCXIW. The SPAC is headquartered at 640 Fifth Avenue, 12th Floor, New York, NY.

As a blank-check company, Churchill Capital Corp XI has no operating business, no proprietary technology, no products, and no patents. Its sole function is to identify and consummate a business combination—merger, share exchange, asset acquisition, share purchase, reorganization, or similar transaction—with one or more target companies, with IPO proceeds held in trust until a deal closes. The company is led by a small team of approximately five people: Michael Klein (Chairman, CEO, President, Director), Jay Taragin (CFO), and three independent directors (Stephen Murphy, Paul D. Lapping, William Sherman). Klein and Taragin simultaneously serve in equivalent roles across other Churchill SPACs and at M. Klein and Company, providing shared back-office and advisory infrastructure across the platform.

In June 2026, Churchill Capital Corp XI announced a $2.5 billion merger agreement with Agility Robotics, a robotics company, which represents its primary business combination target. The company generates no operating revenue prior to closing a business combination; its revenue model upon completion would consist of management fees and potential success fees earned by the sponsor entity. Distribution is conducted exclusively through public-market channels on Nasdaq, and the company's go-to-market is investor-relations driven via SEC filings, corporate governance disclosures, and investor presentations rather than a sales-led commercial motion.

Name

Churchill Capital Corp XI

Legal name

Churchill Capital Corp XI

Website

https://churchillcapital-11.com

Company type

Public

Founded year

2025

Operating status

Operating

Short description

Churchill Capital Corp XI is a Special Purpose Acquisition Company founded in 2025 by Michael Klein, which raised $414 million in its December 2025 Nasdaq IPO. The SPAC has announced a $2.5 billion merger with Agility Robotics to take the robotics company public.

Ownership category

akta.pro rank

Product category

Special Purpose Acquisition Company (SPAC)

NAICS

Other Financial Vehicles (52599), Other Investment Pools and Funds (5259)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Corporate Innovation & Technology Scouting Units (with investment mandate) (FSANAHAI)

akta.pro secondary industry

Venture Capital Fundraising Placement (FSAEALAC)

Keywords

• Blank check company
• Special purpose acquisition
• Business combination
• Public equity vehicle
• SPAC securities

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Management and Advisory Services: As a SPAC, the company generates revenue through management fees and potential success fees upon completion of business combinations. The sponsor (M. Klein and Company) typically earns equity in the SPAC and may receive fees upon consummation of an initial business combination.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Churchill Capital Corp XI is a Special Purpose Acquisition Company (SPAC) that raised approximately $414 million in a December 2025 IPO on Nasdaq by offering units, Class A ordinary shares, and warrants to public investors. It was formed to identify, acquire, and take public one or more operating businesses through a merger, share exchange, asset acquisition, or similar business combination, and has signed a $2.5 billion merger agreement with Agility Robotics.

Product overview

Churchill Capital Corp XI is a Special Purpose Acquisition Company (SPAC) - a financial investment vehicle formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company is not a technology product company; it is a blank check company (Nasdaq: CCXIU) that raised $414 million in its December 2025 IPO. The company offers units consisting of Class A ordinary shares and warrants, which trade separately on Nasdaq. The company has announced a proposed business combination with Agility Robotics valued at $2.5 billion.

Differentiator

Problem solved

Functional benefit

Products and services

• Units (CCXIU) Tradeable units issued by Churchill Capital Corp XI at IPO, each comprising one Class A ordinary share and a fraction of a redeemable warrant, listed on Nasdaq under the symbol CCXIU and targeted at public investors participating in the SPAC IPO.
• Class A ordinary shares (CCXI) Class A ordinary shares of Churchill Capital Corp XI that trade separately on the Nasdaq Global Market under the symbol CCXI, representing the redeemable equity interest of public shareholders in the SPAC trust account.
• Warrants (CCXIW) Redeemable warrants of Churchill Capital Corp XI that trade separately on the Nasdaq Global Market under the symbol CCXIW, exercisable for Class A ordinary shares per the terms set in the IPO prospectus.

Quantifiable outcome

• Multiple successful SPAC business combinations completed by sponsor entity

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Agility RoboticscoreStrategic or Co-development Partner · 25 June 2026Agility Robotics announced a $2.5 billion merger with Churchill Capital Corp XI to go public. This represents the primary business combination target for Churchill XI, demonstrating the company's focus on acquiring robotics and automation technology companies.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• AltC Acquisition Corp: SPAC sponsored by Sam Altman that completed its business combination with Oklo Inc. in 2024. Comparable as a high-profile, sponsor-led SPAC pursuing a single large strategic transaction in a deep-tech vertical.
• Churchill Capital Corp IV: Earlier Churchill SPAC that merged with Lucid Motors. Direct peer on sponsor identity; provides precedent for how Churchill vehicles perform post-merger and is referenced on the Churchill XI website.
• Digital World Acquisition Corp: SPAC that merged with Trump Media & Technology Group. Comparable as a publicly traded blank-check vehicle pursuing a single high-profile merger transaction with public shareholder vote mechanics.
• Graf Acquisition Corp. IV: SPAC with a similar small-team, sponsor-led model targeting a business combination. Comparable as a contemporary small/mid-cap blank-check vehicle operating under the same SEC framework and timeline pressure.
• Churchill Capital Corp IX: Another Churchill series SPAC from the same Michael Klein / M. Klein platform with overlapping management (Klein as Chairman/CEO, Taragin as CFO, Sherman as director). Direct peer on sponsor identity and operational model.
• Churchill Capital Corp II: Churchill SPAC that merged with Skillsoft in 2021. Direct peer on sponsor identity and serves as an active reference point on Churchill XI's 'Our Companies' page, with Klein currently serving on the Skillsoft board.
• Churchill Capital Corp X: Sister SPAC in the Churchill Capital series, also founded by Michael Klein and sponsored by M. Klein Associates. Most direct peer — same sponsor, same governance template, similar size; recently completed its business combination with Infleqtion.

Others

• Agility Robotics: Churchill XI's announced $2.5B merger target and the human-robotics counterparty in the proposed business combination. Included as the directly relevant target company whose performance will determine Churchill XI's post-close equity value.
• M. Klein and Company, LLC: Parent advisory platform of the Churchill Capital SPAC series; not a competitor but provides advisory, sourcing, and ongoing portfolio support to Churchill XI. Relevant as the strategic ecosystem player tied to Churchill XI's operations.

Broad incumbents

• Pershing Square Tontine Holdings: Large Bill Ackman-sponsored SPAC that ultimately did not consummate a deal and was wound down. Comparable as a high-profile, large-size SPAC vehicle, but with a different sponsor structure and outcome profile.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Churchill Capital Corp XI