Churchill Capital Corp X/Cayman Director Buys 300k Shares at $10/Share

Churchill Capital Corp X/Cayman (CCCXU) has announced that Director and 10% Owner, Klein Michael Stuart, has made a purchase of 300,000 shares at a price of $10 per share on May 15, 2025.

Churchill Capital Corp X/Cayman (CCCXU), the newly listed company on the Nasdaq Global Market, has announced that its Director and 10% Owner, Michael Klein, has made a significant purchase of 300,000 shares at a price of $10 per share on May 15, 2025 [1].

The purchase was made on the day the company's units began trading following a successful initial public offering (IPO). The IPO raised $414 million, with the company's units priced at $10 per unit [1]. The IPO was led by BTIG, LLC, with Michael Klein also serving as the founder and managing partner of M. Klein and Company, LLC [1].

Michael Klein's purchase of 300,000 shares at $10 per share indicates a strong commitment to the company's future. This transaction comes at a time when the company is exploring potential business combinations in various industries, as per its stated purpose [1].

This news follows the recent regulatory actions against Mehul Choksi, the former chairman and managing director of Gitanjali Gems, who is facing a ₹2.1 crore notice from Sebi for insider trading violations [2]. Choksi's actions highlight the importance of adhering to regulatory standards in the financial sector.

References:
[1] https://finance.yahoo.com/news/churchill-capital-corp-x-completes-204300046.html
[2] https://www.business-standard.com/markets/news/mehul-choksi-sebi-notice-insider-trading-gitanjali-gems-bank-fraud-125051901333_1.html