Churchill Capital Corp. XII IPO
Churchill Capital Corp. XII is a special purpose acquisition company (SPAC) formed to effect a merger, capital stock exchange, asset acquisition, or similar business combination. The SPAC is part of the Churchill Capital series sponsored by Michael Klein, which has completed multiple high-profile mergers including Lucid Motors.
Key Facts
| Industry | Special Purpose Acquisition Company (SPAC) |
| Headquarters | New York, NY |
| Funding | $414 million raised in IPO (April 2026) and placed in trust |
About Churchill Capital Corp. XII
Churchill Capital Corp. XII is a special purpose acquisition company that is part of the Churchill Capital SPAC franchise. SPACs are formed specifically to raise capital through an IPO for the purpose of acquiring or merging with an existing private company, thereby taking that company public without a traditional IPO process. The Churchill Capital series is sponsored by Michael Klein, a former Citigroup banker who has become one of the most prominent figures in the SPAC market.
The Churchill Capital franchise has completed several notable business combinations across various sectors. Churchill Capital Corp. IV merged with Lucid Motors, an electric vehicle manufacturer, while other Churchill SPACs have pursued deals in technology, financial services, and other high-growth industries. The sponsor's experience and network typically enable these SPACs to pursue larger, more established target companies.
For investors, Churchill SPACs offer the opportunity to invest in the sponsor's deal-sourcing capabilities and track record before a specific target is announced. Once a target company is identified and a merger is completed, shareholders can choose to remain invested in the combined entity or redeem their shares.
IPO Status
Churchill Capital Corp. XII, part of the Churchill Capital SPAC series led by veteran banker Michael Klein, has completed its initial public offering. The company priced an upsized IPO of 36 million units at $10 per unit in late April 2026, raising $360 million. Following the upsizing, the SPAC ultimately parked $414 million in its trust account, indicating additional proceeds from the offering. As with other Churchill Capital SPACs, Churchill Capital Corp. XII will now seek a target company for a business combination in the technology, financial services, or other high-growth sectors. The Churchill Capital franchise has previously taken companies like Lucid Motors and SkillSoft public through SPAC mergers. The SPAC structure allows retail and institutional investors to participate in what is essentially a blank-check company with a specified timeframe to complete a business combination.
Competitors
Frequently Asked Questions
Does Churchill Capital Corp. XII have a stock?
Churchill Capital Corp. XII has not yet had an IPO. As a special purpose acquisition company (SPAC), it would need to complete an initial public offering before seeking a target company to merge with. Sign up for alerts to stay informed.
When is the Churchill Capital Corp. XII IPO date?
There is no confirmed IPO date for Churchill Capital Corp. XII at this time. SPAC IPO timing depends on market conditions and sponsor readiness. Sign up for alerts to stay informed.
How can I buy Churchill Capital Corp. XII stock?
Churchill Capital Corp. XII shares are not currently available for purchase as the company has not completed its IPO. Once public, shares would trade on a major exchange under a designated ticker symbol. Sign up for alerts to stay informed.
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