Churchill Capital Corp XIII (XIII)

Churchill Capital Corp XIII is a special purpose acquisition company, also known as a blank-check company, whose Class A ordinary shares trade on the Nasdaq. It was formed to raise capital through an initial public offering and then use the proceeds held in trust to complete a merger, share exchange or similar business combination with an operating company.

The company is part of the Churchill Capital family of SPACs associated with Michael Klein, whose earlier vehicles have merged with businesses across technology, healthcare, electric vehicles and other sectors. Churchill Capital is based in New York.

Like other blank-check companies, Churchill Capital Corp XIII has no commercial operations of its own. Shareholders typically have the opportunity to vote on a proposed combination and to redeem their shares for a pro rata portion of the trust account if a deal is presented or if no transaction is completed within the allotted time.