The SPAC founded by Michael Klein is set to begin trading on Nasdaq as XIIIU, with the offering expected to close on August 3, 2026.
Churchill Capital Corp XIII said it priced an upsized initial public offering of 36,000,000 units at $10.00 each, implying gross proceeds of $360 million before any exercise of the underwriter’s over-allotment option. The special purpose acquisition company, or SPAC (listed shell company for mergers), will begin trading on the Nasdaq Global Market under the symbol XIIIU on July 30, 2026, and expects the deal to close on August 3, 2026, subject to customary conditions. Each unit includes one Class A ordinary share and one-tenth of one redeemable warrant, with each whole warrant exercisable for one Class A ordinary share at $11.50 per share. Once the unit components trade separately, the shares and warrants are expected to list as XIII and XIIIW. The company, founded by Michael Klein, was formed to pursue a merger or other business combination in any business or industry. Citigroup is serving as sole book-running manager, and it has a 45-day option to buy up to 5,400,000 additional units to cover over-allotments.