Michael Klein's SPAC Churchill Capital XII files for a $300 million IPO
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Churchill Capital XII, a SPAC founded by Michael Klein, has filed for a $300 million IPO with the SEC. The company aims to offer 30 million units at $10 each, with each unit comprising one share of common stock and one-tenth of a warrant. The SPAC will target businesses with recurring revenue and stable cash flow. Klein's previous SPACs include successful mergers and some liquidations. The company plans to list on Nasdaq under the symbol CXIIU, with Citi as the sole bookrunner.
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