CCCX.O

Appointment of CFO: Infleqtion has appointed Ilan Hart as Chief Financial Officer, effective October 20, 2025, bringing nearly 30 years of financial leadership experience, including over two decades at Intel and a recent role as CFO at Zoox.

Role and Responsibilities: As CFO, Hart will manage corporate financial functions, capital markets strategy, and investor relations, playing a crucial role in Infleqtion's plans to go public through a merger with Churchill Capital Corp X.

Company Overview: Infleqtion specializes in neutral atom-based quantum technology, offering products like quantum computers and precision sensors, and has generated approximately $29 million in revenue over the past year, with significant growth potential.

Merger Details: The merger with Churchill Capital Corp X values Infleqtion at $1.8 billion and is expected to provide over $540 million in gross proceeds, which will be used to accelerate technology development and expand into new markets.

Infleqtion's IPO Plans: Infleqtion, a quantum computing company, is preparing for an IPO expected in late 2025 or early 2026, following a merger with Churchill Capital Corp X, which values the company at $1.8 billion.

Partnerships and Revenue: The company has established partnerships with major organizations like Nvidia and NASA, and has generated $29 million in revenue over the past year, with expectations of $50 million in booked work by the end of 2025.

Unique Technology Focus: Infleqtion specializes in neutral atom-based quantum technology, differentiating itself from other quantum companies, and holds over 230 patents globally.

Investor Interest in Quantum Computing: The rising interest in quantum computing is evident as Infleqtion moves towards its IPO, providing investors with a new opportunity in the quantum technology sector.

Business Combination Announcement: Infleqtion, a leader in neutral-atom quantum technology, has submitted a draft registration statement to the SEC for a proposed business combination with Churchill Capital Corp X, aiming to become the first publicly listed neutral-atom quantum technology company.

Technology Advancements: Infleqtion has achieved significant milestones, including surpassing its target for logical qubits and expanding collaborations with major tech companies like NVIDIA, while also demonstrating innovative applications such as a quantum optical clock for underwater navigation.

Financial Projections: The proposed merger is expected to generate over $540 million in gross proceeds, which will be used to accelerate Infleqtion's technology roadmap and expand its product commercialization across various sectors, including AI and national security.

Future Outlook: The business combination is anticipated to close in Q1 2026, pending shareholder approval and SEC clearance, with Infleqtion set to operate under the ticker symbol "INFQ" on a leading North American exchange.