Fort Baker Capital Management LP - 31 Dec 2025 SCHEDULE 13G Report for Churchill Capital Corp XI Units, each consisting of one Class A ordinary share and one-tenth of one redeemable warrant (CCXIU)

Filing Manager: Fort Baker Capital Management LP
Reporting Manager: Fort Baker Capital Management LP
Security: Churchill Capital Corp XI Units, each consisting of one Class A ordinary share and one-tenth of one redeemable warrant
Symbol: CCXIU
Shares outstanding: 41,721,833 shares
Disclosed Ownership: 2,252,979 shares
Ownership: 5.4%
Form type: SCHEDULE 13G
Filing time: 17 Feb 2026, 15:10:21 UTC
Date of event: 31 Dec 2025
SEC: View on sec.gov

Reporting Managers (3)

Name	Ownership	Shares Owned	shared voting power	Signature	Title
Fort Baker Capital Management LP	5.4%	2,252,979	2,252,979	/s/ Steven Patrick Pigott	Steven Patrick Pigott, Chief Investment Officer
Steven Patrick Pigott	5.4%	2,252,979	2,252,979	/s/ Steven Patrick Pigott	Steven Patrick Pigott
Fort Baker Capital, LLC	5.4%	2,252,979	2,252,979	/s/ Steven Patrick Pigott	Steven Patrick Pigott, Chief Investment Officer