{"id":128822,"date":"2025-09-08T12:54:08","date_gmt":"2025-09-08T12:54:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/128822\/"},"modified":"2025-09-08T12:54:08","modified_gmt":"2025-09-08T12:54:08","slug":"infleqtion-to-go-public-in-spac-deal-valuing-quantum-computing-firm-at-1-8-billion","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/128822\/","title":{"rendered":"Infleqtion to go public in SPAC deal valuing quantum computing firm at $1.8 billion"},"content":{"rendered":"<p>     Infleqtion will go public through a merger with a blank-check company, led by veteran Wall Street dealmaker Michael Klein, valuing the quantum computing startup at $1.8 billion before new investment, the companies said on Monday.<\/p>\n<p>The merger with special purpose acquisition company (SPAC) Churchill Capital Corp X is expected to provide Infleqtion with more than $540 million before costs, including a co-investment from institutional investors such as Maverick Capital, Counterpoint Global and Glynn Capital.<\/p>\n<p>Infleqtion, which builds quantum computers and precision sensors, said proceeds would accelerate product development and expand applications in areas such as artificial intelligence, national security and space.<\/p>\n<p>The combined company is expected to list under the ticker &#8220;INFQ&#8221; on a North American exchange.<\/p>\n<p>SPAC mergers hit record levels in 2020 and 2021, with several Wall Street heavyweights &#8211; including billionaire investors Bill Ackman and Klein &#8211; betting on them as the next big trend in listings.<\/p>\n","protected":false},"excerpt":{"rendered":"Infleqtion will go public through a merger with a blank-check company, led by veteran Wall Street dealmaker Michael&hellip;\n","protected":false},"author":2,"featured_media":128823,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[49,48,285,61],"class_list":{"0":"post-128822","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-ca","9":"tag-canada","10":"tag-computing","11":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/128822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=128822"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/128822\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/128823"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=128822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=128822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=128822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}