Thayer Ventures Acquisition Corporation II Announces Pricing of $175 Million Initial Public Offering
- On May 13, 2025, Churchill Capital Corp X announced in New York that it finalized the terms for its expanded initial public offering of 36 million units, which began trading today on Nasdaq under the ticker symbol CCCXU.
- The Company was established to pursue a business combination across various sectors and is led by Michael Klein, who also heads M. Klein and Company, LLC as its founder and principal partner.
- Each unit includes one Class A ordinary share and one-quarter of a redeemable warrant exercisable at $11.50 per share, with Class A shares expected to trade separately as CCCX.
- BTIG, LLC is serving as the sole book-running manager and has been granted the right to buy as many as 5.4 million additional units at the offering price within 45 days to cover any overallotments.
- The offering, subject to customary closing conditions and SEC registration, is expected to close on May 15, 2025, although no assurance guarantees completion or proceeds use as planned.
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Thayer Ventures Acquisition Corporation II Announces Pricing of $175 Million Initial Public Offering
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