---
title: "Michael Klein's SPAC Churchill Capital XI prices upsized $360 million IPO"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/270023876.md"
description: "Churchill Capital XI, led by Michael Klein, raised $360 million in an upsized IPO, offering 36 million units at $10 each. The SPAC plans to list on Nasdaq under CCXIU, targeting businesses with stable cash flow. Klein's previous SPACs include Churchill Capital X, IX, VII, VI, V, IV, and III, with various merger outcomes. Citi was the sole bookrunner."
datetime: "2025-12-17T14:05:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270023876.md)
  - [en](https://longbridge.com/en/news/270023876.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270023876.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/270023876.md) | [繁體中文](https://longbridge.com/zh-HK/news/270023876.md)


# Michael Klein's SPAC Churchill Capital XI prices upsized $360 million IPO

Churchill Capital XI, a blank check company founded by dealmaker and former Citi executive Michael Klein, raised $360 million by offering 36 million units at $10.00. The company offered 6 million more units than anticipated. Each unit consists of one share of common stock and one-tenth of one warrant, exercisable at $11.50.

The company is led by **CEO and Chairman Michael Klein**, the founder and Managing Partner of strategic advisory firm M. Klein and Company. He previously held various roles at Citi and Salomon Smith Barney. He is joined by **CFO Jay Taragin**, the CFO of M. Klein and Company. The SPAC plans to target businesses that generate stable free cash flow, are sourced through Churchill's proprietary channels, and have a committed and capable management team, among other characteristics.

Klein's most recent SPACs include **Churchill Capital X** (CCCX; +38% from $10 offer price), which is pending a merger with quantum computer developer Infleqtion, **Churchill Capital Corp IX** (CCIX; +6%), which is pending a merger with autonomous trucking software developer PlusAI, and **Churchill Capital Corp VII** (formerly NYSE: CVII), **Churchill Capital VI** (formerly NYSE: CCVI.U), and **Churchill Capital V** (formerly NYSE: CCV.U) which have all liquidated. Other past SPACs include **Churchill Capital Corp IV**, which merged with EV maker Lucid (NYSE: LCID; -89%) in 2021, and Churchill Capital Corp III, which merged with healthcare services provider **MultiPlan** (now Claritev; NYSE: CTEV; -90%) in 2020.

Churchill Capital XI plans to list on the Nasdaq under the symbol CCXIU. Citi acted as sole bookrunner on the deal.

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