Churchill Capital Corp XIV Form S-1 — Nov 4, 2026
Churchill Capital Corp XIV, a new Michael Klein-led blank check SPAC, filed an S-1 for a $300 million IPO of 30 million units at $10.00 each, with a 4.5 million unit greenshoe. Each unit contains one Class A share and one-tenth of a warrant with an $11.50 exercise price, and units are expected to list on Nasdaq as CXIVU (shares as CXIV, warrants as CXIVW). The sponsor purchased 11.5 million founder shares at a nominal $.002 per share ($25,000 total) plus 350,000 private placement units for $3.5 million, giving insiders roughly 25.7% post-IPO ownership and creating immediate and substantial dilution for public shareholders.
Key figures
- Debt Amount
- 0
- Interest Rate
- 0
- Gross Proceeds
- 300000000
- Offering Price
- 10
- Shares Offered
- 30000000
- Shares Outstanding
- 40350000
- Founder Shares
- 11500000
- Greenshoe Units
- 4500000
- Trust Account Amount
- $300.0 million (or $345.0 million with over-allotment)
- Warrant Exercise Price
- 11.5
- Private Placement Units
- 350000
- Working Capital Loan Max
- 3000000
- Completion Window Months
- 24
- Proceeds Before Expenses
- 282500000
- Sponsor Loan Repayment Max
- 600000
- Founder Share Purchase Price
- 25000
- Max Completion Window Months
- 27
- Monthly Office Reimbursement
- 30000
- Underwriting Commissions Total
- 17500000
- Private Placement Purchase Price
- 3500000
- Underwriting Commissions Per Unit
- 0.58
AI analysis
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