Infleqtion is trading 5.6% down at $9.29 today after a prospectus supplement registered up to 121.83 million shares for resale by existing holders.
- The filing includes an in-kind distribution of 23.25 million shares, which has weighed on market sentiment and increased available supply.
- The stock has faced several days of heavy selling and heightened volatility as investors react to the potential dilution from the registration.