Churchill Capital XII Q2 net income rises to $2.28 million
CXII•Board appointment and director pay
The board appointed Paul Lapping on July 13, 2026, naming him audit committee chair.
Director pay was set at $75,000 annually from Aug. 1.
Q2 net income and trust account details
Churchill Capital Corp. XII posted net income of $2.28 million for the quarter ended June 30, 2026.
- Interest income in the trust account totaled $2.52 million.
- General and administrative expenses were $239,583.
- Trust account marketable securities stood at $416.52 million as of June 30, 2026.
- Cash outside the trust was $578,224.
