Churchill Capital Xi

Churchill helps private businesses become public companies. It searches for a target company to buy or merge with. This process offers a faster way for businesses to join the stock market.

Searching for the Right Partner

• Acquisition Search: Identifying high-quality target businesses with strong growth prospects and competitive advantages.
• Capital Trust: Managing $414 million in a trust account for a future business combination.
• Transaction Structuring: Offering flexible deal terms using cash, debt, or equity to meet seller needs.
• Strategic Advisory: Providing access to a network of operating partners and industry experts to improve performance.

Milestone Moves

• On December 16, 2025, Churchill entered an agreement with Citigroup Global Markets Inc. to manage its initial public offering.
• The company completed its initial public offering on December 18, 2025, raising $414 million in gross proceeds.
• Simultaneously, the firm finished a private sale of units to Churchill Sponsor XI LLC for $5 million.
• Strategic relationships with M. Klein and Company provide access to operating partners across multiple industrial sectors.

What Makes Churchill Different?

Churchill uses a network of former senior executives from large companies to find and evaluate deals. These partners often join the acquired company's board to help improve business performance and strategy.

The Scorecard

• Net income reached $433,027 in Q4 2025.
• Operating income was negative $116,756 for the period ending December 31, 2025.
• The trust account held $414 million in net proceeds as of December 31, 2025.
• Operating cash flow was negative $632,844 in Q4 2025.

Evolution Summary

Churchill is a shell company focused on finding a merger partner by late 2027. It relies on its management's deal-making experience to create value through a future business combination.