The Zhitong Finance App learned that Churchill Capital XIV, a blank check company (SPAC) founded by Michael Klein, a senior Wall Street deal broker and former Citibank executive, submitted an application to the US Securities and Exchange Commission (SEC) on Wednesday to raise up to 300 million US dollars through an initial public offering (IPO). The company plans to issue 30 million units at a price of $10 per unit and raise $300 million. Each unit consists of one common share and one-tenth of a share warrant, which can be exercised at a price of $11.50 per share.

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