Churchill Capital Corp XIII (Nasdaq: XIIIU) announced on September 16, 2026, that it will allow holders of its units to trade the Class A ordinary shares and warrants separately. The separation is set to commence on September 18, 2026.
Each unit issued in the company's initial public offering consists of one Class A ordinary share and one-tenth of one redeemable warrant. The Class A ordinary shares have a par value of $0.0001 per share. The warrants are whole warrants that entitle the holder to purchase one Class A ordinary share for $11.50 per share.
Upon the separation, the Class A ordinary shares and warrants will trade on the Nasdaq Global Market under the symbols "XIII" and "XIIIW," respectively. Holders of units that are not separated will continue to trade under the symbol "XIIIU." The company noted that no fractional warrants will be issued upon separation, and only whole warrants will trade.
The company was founded by Michael Klein, who is also the founder and managing partner of M. Klein and Company, LLC. The entity was 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.
