The golf entertainment operator, which earlier this year had been reported to be planning an IPO by year end with a $4 billion valuation, is now is talks with the special purpose acquisition company to tap the public markets. Churchill, a shell company, raised around $660 million in cash with the intent of looking for an operating company to merge with. The rapidly growing Topgolf, with 58 locations in the U.S. and four more overseas, had planned further expansion this year before the pandemic forced it to shut down all operations and suspend its expansion plans.

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