Signal
ROSENBLATT INITIATION— Expected week of March 16 · Price target methodology: $15–22   RESALE REG. STATEMENT— ~March 30 · 30 biz days post-close · Lock-up holder list revealed   LOCK-UP TRIGGER— $12.00 VWAP × 15 consecutive days · Clock has not started   FIRST 10-Q— Mid-May 2026 · Beat threshold: >$12M revenue · Watch gross margin + funded backlog   RUSSELL 2000— Earliest eligible: Sept 2026 · ~$50–60M passive demand on inclusion   ANALYST DAY— March 11 COMPLETED · MDA SHIELD $151B IDIQ selection confirmed · In-line outcome   ROSENBLATT INITIATION— Expected week of March 16 · Price target methodology: $15–22   RESALE REG. STATEMENT— ~March 30 · 30 biz days post-close · Lock-up holder list revealed   LOCK-UP TRIGGER— $12.00 VWAP × 15 consecutive days · Clock has not started   FIRST 10-Q— Mid-May 2026 · Beat threshold: >$12M revenue · Watch gross margin + funded backlog   RUSSELL 2000— Earliest eligible: Sept 2026 · ~$50–60M passive demand on inclusion   ANALYST DAY— March 11 COMPLETED · MDA SHIELD $151B IDIQ selection confirmed · In-line outcome   
All Research

Research Archive

Primary-source analysis on Infleqtion (INFQ) and the public quantum sector. Every claim traces to an SEC filing, earnings transcript, or government database.

Governance
June 2025 · 15 min read

The Insider Conviction Signal: What INFQ's Unusual Stock Activity Actually Means

Over $1M in open-market insider purchases at prices well above current levels reveals a conviction gap that markets haven't priced in. A forensic look at Form 4 filings, share class structure, and what it signals about management's private thesis.

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Governance
May 2025 · 12 min read

The Silent Acquirer Signal: Microchip Technology's CFO on the INFQ Board

The most underreported fact in quantum investing. Ganesh Moorthy brought J. Eric Bjornholt onto the INFQ board — the same CFO he's worked with for 20 years. Three scenarios, all materially positive. None priced in.

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Competition
May 2025 · 12 min read

INFQ's Quantum Moat: Why Hardware-Software Integration Creates a Defensible Edge

A systematic comparison of neutral-atom vs. superconducting architectures, Infleqtion's IP portfolio, and why the Tiqker platform creates switching costs that IonQ and IBM cannot easily replicate.

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FinancialsPremium
April 2025 · 10 min read

The Revenue Path Nobody Is Modeling: INFQ's Government Contract Pipeline

A bottom-up reconstruction of the funded backlog from public contract awards, SBIR/STTR databases, and DOE/DOD announcements. The gap between reported revenue and contracted pipeline is the thesis.

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Structure / FloatPremium
March 2025 · 18 min read

The Float Trap: A Forensic Analysis of INFQ's 152M Share Lock-Up

Churchill/Klein hold 10.7M shares at a $0.003/share cost basis. The Russell 2000 inclusion is misreported as June 2026 — it's September at earliest. The timing math changes the trade entirely.

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