MMCAP International Inc. SPC Invests $20.60 Million in Churchill Capital Corp X/Cayman $CCCXU

MMCAP International Inc. SPC purchased a new position in shares of Churchill Capital Corp X/Cayman (NASDAQ:CCCXU) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,000,000 shares of the company’s stock, valued at approximately $20,601,000. Churchill Capital Corp X/Cayman makes up about 2.7% of MMCAP International Inc. SPC’s holdings, making the stock its 7th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in CCCXU. Wolverine Asset Management LLC bought a new stake in shares of Churchill Capital Corp X/Cayman in the 2nd quarter valued at about $1,030,000. Wealthspring Capital LLC bought a new position in Churchill Capital Corp X/Cayman during the second quarter worth about $994,000. Levin Capital Strategies L.P. acquired a new position in shares of Churchill Capital Corp X/Cayman during the 2nd quarter worth approximately $317,000. Finally, Tuttle Capital Management LLC acquired a new stake in shares of Churchill Capital Corp X/Cayman in the second quarter valued at approximately $206,000.

Churchill Capital Corp X/Cayman Stock Performance

Shares of NASDAQ:CCCXU opened at $19.42 on Friday. The business’s 50 day moving average is $17.05. Churchill Capital Corp X/Cayman has a 1 year low of $10.22 and a 1 year high of $31.05.

Churchill Capital Corp X/Cayman Profile

We are a blank check company incorporated as a Cayman Islands exempted company and 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, which we refer to throughout this prospectus as our initial business combination.