Churchill Capital Corp V was established as a special purpose acquisition company in 2020, operating from New York, New York, with its previous name being One Judith Acquisition Corp. Its core objective was to pursue a business combination, such as a merger, asset acquisition, or stock exchange, with one or more suitable private entities. However, the company announced on October 2, 2023, that its board had decided to redeem all outstanding public shares because it would not complete an initial business combination within the timeframe stipulated by its incorporation documents. Public share trading on the New York Stock Exchange concluded on October 16, 2023, with a redemption price of approximately $10.40 per share, while all warrants subsequently expired without value. Following October 17, 2023, the entity ceased all operations apart from the necessary winding-up procedures.