Infleqtion to go public in SPAC deal valuing quantum computing firm at $1.8 billion
Tehnologie
Infleqtion will go public through a merger with a blank-check company, led by veteran Wall Street dealmaker Michael Klein, valuing the quantum computing startup at $1.8 billion before new investment, the companies said on Monday. The merger with special purpose acquisition company (SPAC) Churchill Capital Corp X is expected to provide Infleqtion with more than $540 million before costs, including a co-investment from institutional investors such as Maverick Capital, Counterpoint Global and
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