Ogier's de-SPAC experts advise Churchill Capital Corp X on US$1.8 billion business combination with Infleqtion

Ogier's Corporate team in the Cayman Islands is advising Churchill Capital Corp X on its US$1.8 billion business combination with Infleqtion, a global leader in neutral atom-based quantum technology.

The business combination values Infleqtion at a pre-money equity value of US$1.8 billion and is expected to provide more than US$540 million of gross proceeds to the company, which will be used to accelerate Infleqtion’s mission to commercialise quantum products that improve computing and precision sensing applications.

Ogier's team advised Churchill Capital Corp X, a special purpose acquisition company (SPAC), on its US$414 million initial public on Nasdaq in May 2025.

The Ogier team, led by partner Bradley Kruger and associate Mike Azarnikow, worked alongside lead US counsel Willkie Farr & Gallagher LLP.

Bradley said, “We are pleased to see the ongoing success of Churchill Capital with the announcement of this exciting new de-SPAC transaction. Churchill Capital, which has raised more than US$10.5 billion of growth capital for its portfolio companies, is a clear market leader in the development of growing public companies. We look forward to supporting Churchill Capital as it continues to achieve its strategic objectives."

Ogier's Corporate law experts specialise in the establishment and listing of SPACs, as well as the subsequent de-SPAC process. The firm's teams in the Cayman Islands, BVI and Hong Kong advised on SPAC listings and de-SPAC deals totalling more than US$7 billion in the first half of 2025, advising on more SPAC initial public offerings (IPOs) in the US than any other offshore firm.

Contact one of the team to find out more.