Former Citigroup executive Klein launches another SPAC, Churchill Capital XIV (CXIVU.US) plans to raise up to $300 million in its US IPO

According to Golden Ten Data, Churchill Capital XIV, a blank check company (SPAC) founded by veteran Wall Street dealmaker and former Citigroup executive Michael Klein, submitted an application to the U.S. Securities and Exchange Commission (SEC) on Wednesday, seeking to raise up to $300 million through an initial public offering (IPO). The company plans to issue 30 million units at a price of $10 per unit, raising $300 million. Each unit consists of one share of common stock and one-tenth of a warrant, with each warrant exercisable at a price of $11.50 per share.