Churchill Capital Corp XIII Listed SPAC Primary

What the company does

Churchill Capital Corp XIII is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company has not selected any business combination target and has not initiated any substantive discussions, directly or indirectly, with any business combination target, and may pursue an initial business combination target in any business or industry. The offering consists of units, each comprising one Class A ordinary share and one-tenth of one warrant exercisable for one Class A ordinary share at $11.50 per share.

Use of proceeds

Of the proceeds from this offering and the sale of the private placement units, $360.0 million ($414.0 million if the underwriter's over-allotment option is exercised in full), at $10.00 per unit, will be placed into a U.S.-based trust account with Continental Stock Transfer & Trust Company acting as trustee. An additional approximately $1,000,000 of net proceeds will not be held in the trust account and is allocated to legal, accounting, due diligence, travel and other expenses related to the business combination; legal and accounting fees related to regulatory reporting obligations; reimbursement for office space and administrative support; consulting, travel and miscellaneous expenses incurred during the search for an initial business combination target; director and officer liability insurance premiums; and working capital to cover miscellaneous expenses.

Underwriters

Extracted from 424B4 0001213900-26-083832, filed Jul 31, 2026 and verified against that filing text.

Key risk factors

• Blank check offering without Rule 419 protections

  “Investors will not be entitled to protections normally afforded to investors in Rule 419 blank check offerings.”

• Per-share redemption may be less than $10.00

  “If we are unable to complete our initial business combination because we do not have sufficient funds available to us, we will be forced to cease operations and liquidate the trust account.”

• Risks from undetected due diligence issues post-combination

  “There can be no assurance that extensive and customary diligence will identify all material issues in relation to a particular business combination target or that it would be possible to uncover all material issues through such diligence.”

• Changes in laws and regulations

  “Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability to negotiate and complete our initial business combination, and results of operations.”