Churchill Capital Corp X shares rise 1.27% after-hours following a $1.8 billion merger announcement with Infleqtion.

Churchill Capital Corp X rose 1.27% in after-hours trading, following the announcement of a definitive business combination agreement between Infleqtion and Churchill Capital Corp X. The merger, valued at $1.8 billion, aims to accelerate Infleqtion's mission to commercialize quantum products, providing significant improvements in computing and precision sensing applications. The combined company is expected to be listed on a leading North American exchange under the ticker 'INFQ'.