Rich Huang and Associated Entities Report 5.13% Stake in Churchill Capital Corp XI

On July 20, 2026, a Schedule 13G was filed by Rich Huang and associated entities regarding their stake in Churchill Capital Corp XI (CCXI). As of the event date on July 13, 2026, the reporting persons collectively crossed the 5% threshold. Specifically, Rich Huang may be deemed to beneficially own 2,150,177 Class A Ordinary Shares, representing approximately 5.13% of the outstanding shares. This aggregate ownership includes 179,026 shares held by RichRich Capital LLC and 1,330,008 shares held by Huang Capital Inc., for which Mr. Huang serves as the sole member and sole officer/director, respectively. Additionally, Mr. Huang personally holds 641,143 shares, including 311,812 shares in IRA accounts. The filing indicates that the shares were acquired for investment purposes and not with the intent to influence or change the control of the issuer. The percentages are based on 41,900,000 Class A Ordinary Shares outstanding as of May 13, 2026.