Convertible Redeemable Preferred Stock

3 Months Ended

Mar. 31, 2026

10. Convertible Redeemable Preferred Stock

Prior to the Closing, Legacy Infleqtion had 383,532,609

shares of convertible redeemable preferred stock outstanding, each convertible into shares of Legacy Infleqtion’s common stock on a one to one basis at the option of the holder, at any time and without the payment of additional consideration. Upon the Closing, all outstanding shares of preferred stock were automatically surrendered and exchanged and surrendered for the right to receive

133,240,425

shares of the Company’s Common Stock based on the Exchange Ratio. As of March 31, 2026

, no

shares of convertible redeemable preferred stock were outstanding.

The following table summarizes the exchange of Legacy Infleqtion’s convertible redeemable preferred stock upon the Closing:


Legacy Infleqtion Convertible Redeemable Preferred Stock	Shares Outstanding Before Closing		Common Stock Issued at Closing
Preferred Stock Series Seed		24,871,033		8,640,274
Preferred Stock Series Seed II		27,499,984		9,553,580
Preferred Stock Series A		101,515,976		35,266,967
Preferred Stock Series B		113,956,319		39,588,781
Preferred Stock Series B-1		32,419,574		11,262,661
Preferred Stock Series C		60,399,952		20,983,132
Preferred Stock Series C-1		22,869,771		7,945,030

Totals		383,532,609		133,240,425