Churchill Capital Corp V

Churchill Capital Corp. V operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded by Michael Stuart Klein on May 12, 2020 and is headquartered in New York, NY.

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NEW YORK , Oct. 2, 2023 /PRNewswire/ -- Churchill Capital Corp V (NYSE: CCV) (the "Company"), a publicly-traded special purpose acquisition company, today announced that its board of directors (the "Board") has determined to redeem all of its outstanding shares of Class A common stock, par value $0.0001 (the "public shares") because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation (as amended, the "Certificate of Incorporation"). The previously disclosed non-binding letter of intent has been terminated in accordance with its terms.

Churchill Capital Corp V Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

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