# Churchill Capital Corp XII

Churchill Capital Corp XII is an Other based in New York, United States.

## Overview

- **Organization type:** Other
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, New York, United States
- **Founded:** 2022
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Churchill Capital Corp XII is a special purpose acquisition company led by financier Michael Klein. The SPAC was formed in 2022 and raised $2 billion in its IPO in December of that year (per SEC filing, 2022). Klein, founder of investment bank M. Klein & Company, has become one of the most prolific SPAC sponsors on Wall Street. Per public filings, Churchill Capital Corp XII seeks to acquire a business in the technology, media, sustainability, or healthcare industries. The SPAC's investment mandate includes companies with enterprise values of $2 billion or more. Klein's previous Churchill Capital transactions include the 2020 merger with Skillsoft and the 2021 business combination with Lucid Diagnostics. The geographic scope is primarily North America. The vehicle holds $2 billion in trust and is Klein's 12th Churchill Capital SPAC. The team behind the SPAC includes M. Klein & Company professionals and outside advisors. As of mid-2024, no business combination had been announced. Other Churchill entities have included Churchill Capital Corp V, which merged with Sonder Holdings in 2021. The structural differentiator is the pure SPAC model: Churchill Capital Corp XII is a blank-check company with no operating assets beyond its trust, existing solely to identify and complete a merger. Klein's serial approach — raising multiple SPACs over a decade — is unusual in scale and reflects an institutionalized SPAC origination process.

## Sectors

- Special Purpose Acquisition Company

## People

- Michael Klein — Chairman and Chief Executive Officer

## Questions

### Who leads investment decisions at Churchill Capital Corp XII?

Michael Klein serves as Chairman and Chief Executive Officer of the SPAC. He founded M. Klein & Company and has sponsored over a dozen Churchill Capital SPACs since 2015 (per SEC filings).

### What is the investment target for Churchill Capital Corp XII?

The SPAC seeks to acquire a business in the technology, media, sustainability, or healthcare industries, with a focus on companies with enterprise values of $2 billion or more (per the firm's IPO prospectus, 2022).

### What is the SPAC's time frame to complete a merger?

Churchill Capital Corp XII has a typical 24-month window from its December 2022 IPO to complete a business combination, with possible extensions per its charter (per SEC filings). As of mid-2024, no deal had been announced.

### How does Churchill Capital Corp XII relate to other Churchill Capital SPACs?

It is the 12th in a series of SPACs sponsored by Michael Klein. Previous Churchill entities include Churchill Capital Corp V (which merged with Sonder Holdings), Churchill Capital Corp VII (Skillsoft), and others.

### What is Michael Klein's track record with SPACs?

Klein has been a leading SPAC sponsor since 2015, completing mergers with companies like Skillsoft, Lucid Diagnostics, and Sonder Holdings. His success rate and market reputation make him a prominent figure in the blank-check space (per Bloomberg, 2021).

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Last updated: 2026-06-03T20:00:00.000Z

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