Infleqtion, a quantum computing and quantum sensing powered by neutral-atom technology company who has collaborated with the University of Wisconsin–Madison on measuring quantum bits, became a publicly listed company trading on the New York Stock Exchange on Tuesday.
It is listed under the ticker symbol INFQ. The company recently combined with Churchill Capital Corp X, a publicly traded special purpose acquisition company.
According to a statement, the 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,” Matthew Kinsella, CEO of Infleqtion, said in a statement.
“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 products include quantum computers, quantum optical clocks, RF receivers and inertial sensors. These systems are used by the U.S. Department of War, NASA, the U.K. government and NVIDIA.
