Infleqtion, Inc. (NYSE:INFQ) filed its Form 10-Q for the quarterly period ended June 30, 2026, with the U.S. Securities and Exchange Commission, reporting on the company's financial condition and operations as an emerging growth company in the quantum computing sector.
Key Highlights
- Share count: As of August 14, 2026, there were 225,357,052 shares of common stock issued and outstanding.
- Emerging growth company: The company is classified as an emerging growth company and a non-accelerated filer under SEC rules.
- Merger completed: A merger was consummated on February 13, 2026, in which Churchill Capital Corp X acquired ColdQuanta, Inc. (d/b/a Infleqtion) and redomesticated and renamed itself as Infleqtion, Inc., a Delaware corporation.
- Warrant listing: In addition to common stock, warrants (symbol: INFQ WS) are listed on The New York Stock Exchange, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share.
- Material weaknesses disclosed: The filing identifies material weaknesses in internal control over financial reporting as an existing risk factor and an area management is working to remediate.
Infleqtion's First Full Quarter as a Public Company Following February 2026 Merger
Infleqtion, Inc., headquartered at 1315 West Century Drive, Louisville, CO 80027, submitted its quarterly report covering the period ended June 30, 2026. According to the filing, the company came into existence in its current form on February 13, 2026, when Churchill Capital Corp X, a special purpose acquisition company, acquired ColdQuanta, Inc. (doing business as Infleqtion) and redomesticated and renamed itself as Infleqtion, Inc., a Delaware corporation. The company's common stock and warrants are both listed on The New York Stock Exchange under the symbols INFQ and INFQ WS, respectively.
The filing describes Infleqtion as operating in the quantum computing technology industry, with a focus on commercializing quantum computing products, serving government entities and large enterprises, and pursuing contracts and awards with government counterparties. The company disclosed a history of operating losses and noted uncertainty as to whether it will achieve or sustain profitability. The filing also cited the need for substantial additional capital and the uncertainty of whether such financing will be available, as well as intense global competition in what it characterized as a nascent and volatile quantum technology industry.
The filing contains forward-looking statements, which the company states are subject to its cautionary language and involve risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. Among the risks specifically cited are identified material weaknesses in internal control over financial reporting, reliance on in-licensed intellectual property, dependence on government-funded research subject to federal march-in rights, and risks related to export and import controls and trade sanctions. The company stated it is working to remediate the existing material weaknesses, though the timing of remediation is not specified in the excerpted filing text.
What Was Disclosed
Infleqtion, Inc. filed its 10-Q for the quarter ended June 30, 2026, disclosing its post-merger corporate structure, a share count of 225,357,052 as of August 14, 2026, its emerging growth company status, and risks including material weaknesses in internal controls and operating losses.



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