v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 702,154 $ 0
Prepaid expenses 46,000 0
Prepaid insurance 321,429 0
Total Current Assets 1,069,583 0
Deferred offering costs 0 157,937
Prepaid insurance- long term 107,143 0
Cash and marketable securities held in Trust Account 423,689,503 0
Total Assets 424,866,229 157,937
Current liabilities:    
Accrued expenses 80,223 0
Accrued offering costs 85,000 0
Promissory note-related party $ 0 $ 184,847
Notes Payable, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Subscription agreement liability $ 75,630,352 $ 0
Total Current Liabilities 75,795,575 184,847
Deferred Underwriting Fee Payable 3,000,000 0
Total Liabilities 78,795,575 184,847
Commitments and Contingencies (Note 6)
Shareholders' Deficit    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding 0 0
Additional paid-in capital 0 23,964
Accumulated deficit 77,619,915 51,910
Total Shareholders' Deficit (77,618,849) (26,910)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit 424,866,229 157,937
Common Class A [Member]    
Current liabilities:    
Class A Ordinary Shares subject to possible redemption, 41,400,000 and 0 shares at redemption value of $10.23 per share and $0 at December 31, 2025 and 2024, respectively 423,689,503 0
Shareholders' Deficit    
Common Stock 30 0
Common Class B [Member]    
Shareholders' Deficit    
Common Stock [1],[2] $ 1,036 $ 1,036
[1] At December 31, 2024, included an aggregate of up to 1,350,000 Class B ordinary shares, $0.0001 par value (the “Class B Ordinary Shares”), subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (Note 5). On May 15, 2025, the Company consummated its initial public offering (the “Initial Public Offering”) and sold 41.4 million public units (the “Public Units”), which included the full exercise of the underwriters’ over-allotment option, hence the 1,350,000 Class B Ordinary Shares are no longer subject to forfeiture.
[2] On February 15, 2024, Churchill Sponsor X LLC (the “Sponsor”) acquired an aggregate of 7,187,500 Class B Ordinary Shares (the “Founder Shares”) for approximately $0.003 per share. In April 2025, the Company effected a share capitalization in the form of a share dividend of approximately 0.2 fully paid Class B Ordinary Shares for each Class B Ordinary Share in issue. In May 2025, the Company issued an additional 1,725,000 Class B Ordinary Shares in a share capitalization, resulting in the Sponsor, holding an aggregate of 10,350,000 Founder Shares. All share and per-share data have been retrospectively presented.