Churchill Capital Corp XII

S-1 filed

Churchill Capital Corp XII is a blank check company incorporated in the Cayman Islands, seeking to merge with or acquire a business target through an initial business combination. The company is offering 30,000,000 units at $10.00 per unit, each containing one Class A share and a warrant. The sponsor has committed to a private placement of 350,000 units. The company has 24 months (extendable to 27 months) to complete a business combination, with redemption rights for public shareholders if the deadline is not met. Founder shares will convert to Class A shares upon the business combination, potentially causing dilution.