• Infleqtion, a developer of neutral-atom quantum technology, began trading on the New York Stock Exchange (NYSE) today under the ticker symbol “INFQ.” The public listing follows the completion of a business combination withChurchill Capital Corp X, a special purpose acquisition company (SPAC). • This milestone makes Infleqtion the first neutral-atom quantum hardware and sensing company to enter the public markets. • The transaction provided Infleqtion with over $550 million in gross proceeds. • This capital includes a $125 million common stock Private Investment in Public Equity (PIPE) from institutional investors and nearly 100% of the cash held in Churchill X’s trust account, representing a high retention rate of the original SPAC capital. • The company intends to use the funding to accelerate its technology roadmap and expand the deployment of practical quantum solutions across aerospace, defense, and critical infrastructure. • Infleqtion utilizes a vertically integrated stack that combines neutral-atom hardware with its proprietarySuperstaqsoftware platform.
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