Infleqtion Becomes First Neutral-Atom Quantum Company to Go Public

Infleqtion became a publicly listed company trading on the New York Stock Exchange under the ticker symbol INFQ following the completion of its business combination with Churchill Capital Corp X. The special purpose acquisition company is publicly traded. The transaction received strong support from Churchill X shareholders. This support resulted in Infleqtion receiving over $550 million of gross proceeds, including nearly 100 percent of the cash held in Churchill X's trust account prior to the redemption deadline and more than $125 million of incremental capital raised through a common stock PIPE from leading existing Infleqtion stockholders and new institutional investors. Chief Executive Officer Matthew Kinsella said the company was founded on a simple conviction that neutral atoms are the best path for commercializing quantum technology because they are scalable and economical. He noted that this architectural advantage, paired with the vertically integrated hardware and software stack that spans quantum computing and sensing, has translated into growing commercial traction across government and industry. Kinsella said that as a public company Infleqtion can accelerate its technology roadmap and expand deployments in areas such as aerospace, defense and critical infrastructure. The company will ring the opening bell at the NYSE on Wednesday, February 18 to celebrate the public listing.