Infleqtion Becomes First Neutral-Atom Quantum Company to Go Public

Begins trading under the ticker symbol "INFQ"

Well-capitalized with more than $550 million of new funding

LOUISVILLE, Colo.--(BUSINESS WIRE)--Infleqtion, a global leader in quantum computing and quantum sensing powered by neutral-atom technology, today became a publicly listed company trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “INFQ” following the completion of its previously announced business combination with Churchill Capital Corp X (“Churchill X”), a publicly traded special purpose acquisition company.

The strong support from Churchill X’s shareholders resulted in Infleqtion receiving over $550 million of gross proceeds, including nearly 100% of the cash held in Churchill X’s trust account prior to the redemption deadline and more than $125 million of incremental capital raised through a common stock PIPE from leading existing Infleqtion stockholders and new institutional investors.

"Infleqtion was founded on a simple conviction: neutral atoms are the best path for commercializing quantum technology because they are scalable and economical. That architectural advantage, paired with our vertically integrated hardware and software stack that spans quantum computing and sensing, has translated into growing commercial traction across government and industry,” said Matthew Kinsella, Chief Executive Officer of Infleqtion. “As a public company we can accelerate our technology roadmap and expand deployments in areas such as aerospace, defense and critical infrastructure, bringing practical quantum solutions to market at increasing speed and scale.”

Infleqtion’s product portfolio includes quantum computers, quantum optical clocks, RF receivers, and inertial sensors, all engineered for real-world deployment and optimized with Infleqtion’s proprietary software. These systems are already in use by the U.S. Department of War, NASA, and the U.K. government, and also form elements of multiple collaborations with NVIDIA.

Recent announcements underscore the company’s momentum across multiple sectors, including:

• Space: Infleqtion announced a collaboration with NASA, supported by more than $20 million in contracted mission funding, to fly the world’s first quantum gravity sensor to space. The company also recently announced a strategic partnership with Voyager Technologies, Inc. to advance dual-use quantum technology in low-Earth orbit and beyond.
• National Security: Infleqtion secured a $2M contract from the U.S. Army to strengthen the Army’s ability to deliver resilient navigation and timing data in adversarial environments.
• Critical infrastructure: Infleqtion is now executing its contract under the U.S. Department of Energy’s $6.2M ARPA‑E ENCODE program, applying quantum computing to energy grid optimization.

Infleqtion will be ringing the opening bell at the NYSE tomorrow, Wednesday, February 18 to celebrate the company's public listing. A live stream of the event can be viewed by visiting: https://tv.nyse.com/.

About Infleqtion
Infleqtion, Inc. (NYSE: INFQ) is a global leader in quantum technology, delivering neutral atom solutions for quantum computing, networking, sensing, and security. With a product portfolio spanning quantum computers, quantum optical clocks, RF receivers, and inertial sensors, Infleqtion’s full-stack approach combines high-performance hardware with the company’s proprietary Superstaq quantum computing software platform. Infleqtion’s systems are already in use by the U.S. Department of War, NASA, the U.K. government, and in multiple collaborations with NVIDIA. Infleqtion, in collaboration with NVIDIA, published the world’s first demonstration of a materials science application using logical qubits. With operations in the U.S., Europe, and Asia, Infleqtion meets the demands of government and commercial customers across the space, defense, energy, finance and telecommunications sectors. Learn more at Infleqtion.com or follow Infleqtion on LinkedIn, YouTube, and X.