Churchill Capital Corp X/Cayman’s (NASDAQ:CCCXU) Quiet Period Set To Expire on June 23rd

Churchill Capital Corp X/Cayman’s (NASDAQ:CCCXU) quiet period will expire on Monday, June 23rd. Churchill Capital Corp X/Cayman had issued 36,000,000 shares in its public offering on May 14th. The total size of the offering was $360,000,000 based on an initial share price of $10.00. During Churchill Capital Corp X/Cayman’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Churchill Capital Corp X/Cayman to a “hold” rating in a report on Saturday, June 7th.

Churchill Capital Corp X/Cayman Stock Up 0.4%

Shares of Churchill Capital Corp X/Cayman stock opened at $10.38 on Friday. Churchill Capital Corp X/Cayman has a 1-year low of $10.27 and a 1-year high of $10.49.

Churchill Capital Corp X/Cayman Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and 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, which we refer to throughout this prospectus as our initial business combination.