Michael Klein's SPAC Churchill Capital XII prices upsized $360 million IPO
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Churchill Capital XII, a SPAC founded by Michael Klein, has raised $360 million through an IPO by offering 36 million units at $10 each. Each unit includes one share of common stock and a warrant. The SPAC aims to target businesses with recurring revenue and strong management teams. Klein's previous SPACs include Churchill Capital XI and X, with various outcomes. The company will trade on Nasdaq under the symbol CXIIU, with Citi as the sole bookrunner.
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