JOHNSON KRISTINA M sold $360K of INFQ (indirect holdings)

Churchill Capital Corp X (CCCX) completed its merger with Infleqtion on Friday and will begin trading on the NYSE Tuesday under ticker INFQ, with warrants as INFQ WS, according to the companies. Shareholders approved merger proposals Feb. 12 with about 37,800 shares redeemed (0.09%). Infleqtion expects about $551 million gross proceeds at closing. Retail sentiment on Stocktwits turned highly bullish.

Infleqtion (INFQ) shares rose over 35% to an all-time high of $21.28. Citi initiated coverage with a Buy rating and $20 price target, which the stock has surpassed. The move follows Nvidia’s launch of an open-source Ising model and Nvidia selecting Infleqtion for two roles, according to analysts and coverage cited in the article.

D-Wave Quantum (QBTS) rose more than 9% in premarket after AT&T (T) said it will expand its use of D-Wave technology across network operations, building on prior pilots to optimize telecom workloads. Quantum peers Rigetti (RGTI) and Infleqtion (INFQ) also gained, while IBM (IBM) rose. All three quantum stocks are down over 35% YTD.

Rigetti Computing (RGTI), D-Wave Quantum (QBTS) and Infleqtion (INFQ) rose more than 30% on Thursday after the Trump administration announced $100 million grants for each under a $2 billion quantum-computing package. IonQ gained about 12% after the government said it is still soliciting proposals. The article cites near-record short interest and retail debate over valuation.

Infleqtion Inc. (NYSE:INFQ) shares rose Wednesday after the company said it secured three U.S. Department of Energy Genesis Mission projects. The awards cover AI-optimized quantum circuit design, atomic quantum sensing, and quantum machine learning for nuclear fusion with Argonne, Brookhaven, Lawrence Livermore, and the University of Colorado Boulder. The article also cites a potential up to $100 million Commerce investment and upcoming Illinois deployment.

Infleqtion’s shares fell after a Tuesday prospectus supplement amended the resale registration for up to 121.83 million shares. The filing describes an in-kind distribution as of July 10 of 23.25 million shares by entities affiliated with Global Frontier to limited partners, trusts, and foundations. The company receives no proceeds, but recipients can sell. INFQ was down 4.21% to $10.01.