Quantum computing firm Infleqtion has agreed to merge with a blank-check firm led by Michael Klein in a pact that gives the startup a pre-money valuation of $1.8 billion. The merger with special purpose acquisition company Churchill Capital Corp. X, Klein’s 10th blank-check vehicle, is set to accelerate Infleqtion’s goal of commercializing quantum products. The deal is expected to provide more than $540 million to the upstart, including a co-investment from institutional investors Maverick Capital, Counterpoint Global and Glynn Capital, among others. The possibility of a swift listing was a key driver for Infleqtion to merge with a SPAC, said Chief Executive Officer Matthew Kinsella, who anticipates the deal being completed later this year or early in 2026. That compares to an 18- to 24-month process via an IPO, he said in an interview.

Full report : Quantum computing startup Infleqtion agrees to merge with Michael Klein-led SPAC Churchill Capital, giving it a $1.8 billion pre-money valuation and more than $540 million in funding.