NEW YORK, April  27, 2026  (GLOBE NEWSWIRE) -- Churchill Capital Corp XII (the &#34;Company&#34;) announced the pricing of its upsized initial public offering of 36,000,000 units at $10.00 per unit. The units will be listed on

CXII

Churchill Capital Corp XII Announces the Pricing of Upsized $360 Million Initial Public Offering

Churchill Capital Corp XII IPO Priced at $10 Per Unit

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  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, April  27, 2026  (GLOBE NEWSWIRE) -- Churchill Capital Corp XII (the &amp;#34;Company&amp;#34;) announced the pricing of its upsized initial public offering of 36,000,000 units at $10.00 per unit. The units will be listed on</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Churchill Capital Corp XII has priced its upsized IPO at $10 per unit, set to trade under symbol CXIIU on Nasdaq starting today. The offering, consisting of shares and warrants, is expected to close on April 29, 2026, which may provide immediate liquidity and market visibility for the company.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Churchill Capital Corp XII priced its IPO at $10 per unit.</li><li>Each unit includes one share and a warrant for $11.50 exercise.</li><li>Units will trade under symbol CXIIU on Nasdaq from today.</li><li>Offering expected to close on April 29, 2026, contingent on conditions.</li><li>Citigroup is the sole book-running manager for this IPO.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Citigroup (C)</strong>: Sole book-running manager; success could benefit its investment banking arm.</li><li><strong>M. Klein and Company (N/A)</strong>: Founded by CXII&#039;s CEO; may leverage financial insight for mergers.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under &#039;Corporate Developments&#039; as it revolves around a significant IPO, which is critical for establishing market presence and investor interest in CXII&#039;s future business combinations.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Strong investor demand could lead to upside momentum for CXII shares.</li><li>Listing on Nasdaq enhances visibility and liquidity for shareholders.</li><li>Completion of the IPO may attract institutional investors to CXII.</li><li>Potential for warrant conversions could drive future share price increases.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>IPO consists of 36 million units priced at $10 each.</li><li>Each unit includes one share and one-tenth of a warrant.</li><li>Closing expected on April 29, 2026, subject to conditions.</li><li>Citigroup is leading the offering as sole book-running manager.</li><li>Oversubscription option includes an additional 5.4 million units.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors should consider buying CXII for potential near-term price appreciation due to demand from investors following the IPO.</p>
  </section>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>NEW YORK, April  27, 2026  (GLOBE NEWSWIRE) -- Churchill Capital Corp XII (the "<u>Company</u>") announced the pricing of its upsized initial public offering of 36,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Global Market ("<u>Nasdaq</u>") under the symbol "CXIIU" commencing today. Each unit consists of one Class A ordinary share of the Company and one-tenth of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that the Class A ordinary shares and warrants will be listed on Nasdaq under the symbols "CXII" and "CXIIW," respectively. The offering is expected to close on April 29, 2026, subject to customary closing conditions. </p>  <p align="justify">Churchill Capital Corp XII was founded by Michael Klein, who is also the founder and managing partner of M. Klein and Company, LLC. The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.</p>  <p align="justify">Citigroup is acting as sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 5,400,000 units at the initial public offering price to cover over-allotments, if any.</p>  <p align="justify">The offering is being made only by means of a prospectus, copies of which may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: <u>800-831-9146)</u>, or by accessing the U.S. Securities and Exchange Commission's (the "<u>SEC</u>") website at <a href="https://www.globenewswire.com/Tracker?data=ku8IRX3OUlNJo05483x5EprBadyLvbY0pu87RBm9xtwDixpd6W_iOk_Tt08iZg6edPJTw0c59Hx2HdMFX68ozg==" rel="nofollow" target="_blank">www.sec.gov</a>.</p>  <p align="justify">A registration statement relating to these securities has been declared effective by the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>  <p><b><i>FORWARD-LOOKING STATEMENTS </i></b></p>  <p align="justify"><i>This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the SEC. Copies are available on the SEC's website, <u>www.sec.gov</u>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. </i></p>  <p><b>Company Contact: </b> <br></br>Churchill Capital Corp XII <br></br><u>info@churchillcapitalcorp.com</u> <br></br>212-380-7500</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcwODA1NSM3NTY5MTM3IzUwMDE2MTc0MA=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NzlhOWQ0MjItNjE3Ni00NDU5LTg3MGQtMmUzMzk4MTkyYzUxLTUwMDE2MTc0MC0yMDI2LTA0LTI3LWVu/tiny/Churchill-Capital-Corp-XII.png" referrerpolicy="no-referrer-when-downgrade"></img>

Churchill Capital Corp XII has priced its upsized IPO at $10 per unit, set to trade under symbol CXIIU on Nasdaq starting today. The offering, consisting of shares and warrants, is expected to close on April 29, 2026, which may provide immediate liquidity and market visibility for the company.

Churchill Capital Corp XII Announces the Pricing of Upsized $360 Million Initial Public Offering

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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