CCCXW

Churchill Capital Corp X warrants are securities that give holders the right, but not the obligation, to purchase shares of Churchill Capital Corp X common stock at a predetermined price (the exercise price) before a specified expiration date. These warrants were issued as part of the special purpose acquisition company's capital structure, often bundled with common stock in units during the initial public offering before separating to trade independently. Warrants provide leveraged exposure to the SPAC's common stock, as they can increase significantly in value if the stock price rises above the exercise price, but may expire worthless if the stock price remains below the exercise price. The terms of Churchill Capital Corp X warrants, including the exercise price, expiration date, and any adjustments for corporate actions, are specified in the warrant agreement filed with securities regulators. Warrants typically become exercisable upon completion of the SPAC's business combination with a target company or after a specified period. The value of warrants is influenced by the underlying stock price, time remaining until expiration, volatility, and the likelihood of the SPAC successfully completing a merger or acquisition that results in a viable publicly traded operating company.