New York, Feb 11, 2026, 05:39 EST — Premarket
- CCCX surged in the prior session as investors chased fresh Infleqtion headlines tied to U.S. government-linked work
- The SPAC’s shareholders are set to vote Feb. 12 on the proposed Infleqtion business combination
- A ticker switch to INFQ is expected if the deal closes, with a venue change from Nasdaq to the NYSE next week
Churchill Capital Corp X shares jumped 15% on Tuesday, closing at $12.67, and added about 2.8% in after-hours trade. (MarketWatch)
The move lands with a deadline in view. Churchill X said it will hold an extraordinary general meeting on Feb. 12 at 10:00 a.m. Eastern Time for shareholders to vote on the proposed merger with Infleqtion. (Nasdaq)
That timing matters for a SPAC, or blank-check company: investors can redeem shares for cash held in trust rather than stay for the deal. A big redemption wave can shrink the cash the combined company planned to start with.
Infleqtion on Tuesday said it will collaborate on NASA’s Quantum Gravity Gradiometer Pathfinder mission, led by NASA’s Jet Propulsion Laboratory, with a quantum instrument designed to monitor changes in water, ice and land from low Earth orbit. “Quantum sensing opens an entirely new domain for U.S. space leadership,” Infleqtion Chief Science Officer Dana Anderson said; the company said the mission has more than $20 million in contracted funding and is expected to launch in 2030. (Infleqtion)
Gravity mapping is slow-moving work, but it is easy to trade around. Investors tend to treat NASA-linked projects as a stamp of credibility, even when the payoff is distant.
A day earlier, Infleqtion said it executed a $6.2 million contract with ARPA-E, the U.S. Energy Department’s advanced research arm, to launch work on a quantum computing program focused on energy-grid optimization with partners including Argonne National Laboratory, EPRI and ComEd. “Securing the grid has become a matter of national capability,” Infleqtion CEO Matt Kinsella said. (Business Wire)
Volume followed. About 7.16 million CCCX shares traded on Tuesday after the stock fell 5.7% in the prior session, according to Investing.com data. (Investing)
In a Feb. 3 SEC filing, Churchill said it expects trading in its shares, units and public warrants to end on Nasdaq at the close on Feb. 13, with the stock and warrants expected to begin trading on the NYSE on Feb. 17 under “INFQ” and “INFQ WS.” Warrants are options-like securities that give holders the right to buy stock at a set price, and are common in SPAC deals. (SEC)
If the deal closes, Infleqtion would give public-market investors another way to play the quantum theme, alongside already-volatile names such as IonQ and Rigetti Computing.
But the government headlines are not the same as near-term sales, and the NASA mission sits years out. A failed vote, a delayed close, or heavy redemptions could yank CCCX back toward its cash value in trust.
