Churchill Capital Corp XIII — Form 8-K
Filed August 7, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Churchill Capital Corp XIII, a blank-check company (SPAC), closed its IPO on August 3, 2026, raising $414M from the sale of 41.4M units at $10/unit (including full exercise of 5.4M unit over-allotment option). Simultaneously, Sponsor Churchill Sponsor XIII LLC purchased 350K private placement units for $3.5M. As of August 3, 2026, the company holds $414M in trust for an Initial Business Combination (required within 24–27 months), with $767K in operating cash outside trust and a shareholders' deficit of $15.7M. Deferred underwriting fees total $16.99M.
Why this rating
Routine SPAC IPO closing; company is pre-acquisition shell with no operations. Event is standard and creates no immediate business impact or financial distress. No acquisition target identified yet.
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