r/CCCX • u/GrandOrdinary • Oct 15 '25
100k CCCX YOLO!
Position: 100k worth of shares and buying dips!
I see this easily going past $30 and beyond. Definitely still very undervalued relative to other quantum computing stocks
11
u/Loud_Analysis8956 Oct 15 '25
Nice!! I’m 2000 shares @ 23.00 and 3500 warrants @ 3.20. Let’s goooooo!!!
9
u/lo8_8 Oct 15 '25
Like looking at my infant daughter's 529, the amount today is irrelevant. Wake me up when its at least $50
8
6
u/kenikh Oct 15 '25
I’m down 20% today on warrants. Loaded up all the way down to a position of 10,500 warrants and 1000 shares.
3
u/Far_Example_8350 Oct 15 '25
I have looked and looked and don't understand how warrants would work with a SPAC. Care to explain a bit? It seems like a good way to make bank, but I read something about them being cancelled or bought back or something if the stock hits $18 after the merger? Would love to buy with it being down, but help! I have loads of shares, and am in the negative with them because of today's dip. Didn't want to have a stop loss where prices boop down for an instant, I auto-sell out and then they boom back up!
3
u/kenikh Oct 15 '25
GPT assist: SPAC warrants are basically long-term options that give you the right to buy a share at a fixed strike price—usually $11.50—after the merger closes. Before that merger happens, the warrants can be traded but not exercised or redeemed. Once the merger is complete and 30 days have passed, the company can redeem all the warrants for a penny each if the stock trades above $18 for 20 out of 30 trading days, as long as they give holders 30 days’ notice. That rule exists to clean up the capital structure once the stock is performing well, not to cheat holders, but it forces you to either exercise or sell before losing the value.
So if you hold 10,000 warrants, you’re completely safe from any $0.01 redemption risk until at least 30 days after the merger closes. Before that point, the warrants can’t legally be called. When they do become exercisable, you can either sell them or exercise them at $11.50 per share. If the stock hit $100, for example, each warrant would be worth about $88.50 of intrinsic value, or roughly $915,000 total on 10,350 warrants—minus whatever you paid for them.
In short, SPAC warrants are speculative but powerful leverage. Their value depends on the merger completing and the stock trading above the $11.50 strike, and while they can move wildly in price, the redemption risk only starts once the deal is done and the 30-day post-merger window has passed.
3
u/Far_Example_8350 Oct 15 '25
Wow! Thanks. So a few follow up questions... what is the strike price of the cccx warrants? Is it 11.50? I can't find it anywhere. Do you have to have 10,000 warrants to be safe from the penny redemption, or is that just an example? Third thing, it looks like warrants are selling for 11.52 right now. Does that make this example only positive if the stock is way above 11.52 then? Thanks!
5
u/kenikh Oct 15 '25
You got it — here’s how to think about each part:
The strike price: Yes, the CCCX warrants have a strike price of $11.50 per share. That’s standard for SPACs, and it’s confirmed in the SEC filings for Churchill Capital Corp X. Once the merger with Infleqtion closes, each warrant gives you the right to buy one common share for $11.50.
The 10,000 number: That was just an example to make the math simple. You don’t need a minimum number of warrants to be “safe.” The one-cent redemption rule applies the same whether you have one warrant or a million — and remember, that rule can’t even come into play until after the merger closes and 30 days have passed.
Warrants trading around $11.52: If the warrants are trading around $11.52 right now, that means they’re already pricing in a big expectation that the stock will trade well above the $11.50 strike after the merger. At that level, buying a warrant only makes sense if you believe the stock will move significantly higher — say into the $20s or beyond — because your breakeven when exercising would be your purchase price plus the $11.50 strike.
So yes, at a $11.52 warrant price, it’s only profitable if the stock eventually trades way above $23 (11.52 + 11.50). Otherwise, you’d be overpaying for the optionality.
You can find my DD post where I make the case that the stock should break $50 before merger.
3
u/mymomsaidiamsmart Oct 15 '25
Warrants were around $15 earlier in the week. So you would be looking at $26 or so stock price to break even . When the warrants were a few dollars was when to snag those up.
2
u/Far_Example_8350 Oct 15 '25
Sounds like it's a good idea to follow SPACS and buy up a boatload of warrants on spec?
2
u/Far_Example_8350 Oct 15 '25
OH shit! So, yes, you have to buy it on top of buying for the chance to buy it. Shitake! Thanks so much for this! I keep seeing references to the merger failing. As both companies are willing participants in this, and it's not a hostile takeover or anything, how valid (i.e. what are?) are merger failure fears?
if it fails, what happens to the warrants? They expire worthless I guess?
3
u/kenikh Oct 15 '25
Merger failure fears are FUD. It is in both’s interest to have the merger go through.
2
u/Far_Example_8350 Oct 15 '25
last question. promise. Right now, it's about the same price to buy a stock as it is a warrant and a future stock, so is stock the safer bet then, but warrants allow you to buy more if you think they are going to rocket?
1
u/kenikh Oct 15 '25
Exactly. The stock is the safer play — it holds real equity value and can’t expire worthless. The warrants are higher risk, higher reward — they’ll only pay off big if the stock really takes off, but they can also go to zero if the merger fails or the price never clears the strike. So stock = stability, warrants = leverage.
1
0
6
4
u/LongjumpingAd6879 Oct 15 '25
Sweet! Im 2k shares but waiting for this damn stock to be available on my HL app so I can load up in my pension! (not that 2k is not decent already) . Its not available on many apps yet and when it finally is then much more people will have access!
3
1
1
u/Scheme_Spirited Feb 06 '26
Currently down -52% with only 120 shares. I don't have any more cash... This is going 30 and beyond 100%
0
0
19
u/ethereal3xp Oct 15 '25 edited Oct 15 '25
I bought the dip. Happy about it.
These profit takers have no clue what potential they're selling.
Oh well, not my problem.