Churchill Capital Corp XI (CCXIW) Warrant
Each CCXIW warrant gives the holder the right to buy 1 share of Churchill Capital Corp XI at $11.50 per share, for five years after the company completes its merger. The stock last closed at $11.99, above the strike, so the warrant is in the money. Churchill Capital Corp XI has a market value of about $667.84M. Churchill Capital Corp XI is a SPAC (deal signed with Agility Robotics, Inc.). It must complete a deal by March 18, 2028 or the warrants expire worthless. There are 4.14M listed warrants; exercising all of them would add 7.4% to the 55.70M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $17.00
From the issuer's S-1/A (2025-12-11).
Company and stock
- Company
- Churchill Capital Corp XI
- Underlying stock
- CCXI
- Share price
- $11.99
- Market cap
- $667.84M
- Shares outstanding
- 55.70M
- Range since Feb 2026
- $10.09 – $19.10
- Change since Feb 2026
- +17%
- Value of all listed warrants
- $22.77M (3.4% of market cap)
- Industry
- General Industrial Machinery & Equipment, NEC
- Head office
- New York, NY
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $5.50
- Price / model
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Dilution
- Shares outstanding
- 55.70M
- Listed warrants
- 4.14M
- Dilution if all exercised
- 7.4%
Warrant count from filing iXBRL: PublicWarrantMember.
SPAC deal
- Status
- deal signed
- Target
- Agility Robotics, Inc.
- Deal announced
- 2026-06-24
- Deadline
- 2028-03-18
- Latest possible deadline
- 2028-03-18
- Trust per share
- $10.17
- Sponsor
- Churchill Sponsor XI LLC
- Sponsor's earlier SPACs
- 9 (4 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about CCXIW
When does the CCXIW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of CCXIW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many CCXIW warrants are outstanding?
4.14M listed warrants, equal to 7.4% dilution if all are exercised.
Related warrants
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