Churchill Capital Corp IX
CCIXU
NASDAQ10.81
USD
+0.01
- -
CIK
0002006291
ISIN
KYG213011250
CUSIP
G21301125
Return %
Stock
S&P500
1Y
0.84
18.21
3Y
7.35
64.38
5Y
7.35
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael S. Klein
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 640 Fifth Avenue New York NY United States of America 10019
- IPO Date
- May 2, 2024
- CIK
- 0002006291
- Website
- churchillcapital9.com
- Similar Companies
- Business
- Churchill Capital Corp IX is a special purpose acquisition company (SPAC) incorporated in 2023 and headquartered in New York, New York. The company operates primarily as a blank check entity formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in any industry. Churchill Capital Corp IX itself does not engage in traditional business operations or product manufacturing but focuses on raising capital through public offerings to finance its acquisition strategy. Its securities, including units, Class A ordinary shares, and warrants, are publicly traded on the Nasdaq Stock Market under the ticker symbols CCIXU, CCIX, and CCIXW, respectively. The company’s primary activity involves identifying, negotiating, and completing business combinations that create value for shareholders by acquiring one or more target businesses. Its initial public offering was completed in May 2024, raising gross proceeds of approximately $287.5 million through the sale of 28,750,000 units priced at $10.00 per unit, with over-allotment options exercised in full. The proceeds from the IPO, along with a simultaneous private placement, were held in trust pending the completion of a qualifying business combination. In December 2025, Churchill Capital Corp IX issued an unsecured promissory note worth up to $1.5 million to its sponsor, Churchill Sponsor IX LLC, to provide working capital for the company. The note is convertible into the company’s units under specified terms. Churchill Capital Corp IX operates with the strategic intent of pursuing merger and acquisition opportunities across diverse industries without current operational business activities. It leverages its capital market presence and sponsor relationships to identify potential targets, with a deadline for completing a business combination set for May 2026, subject to possible extension with shareholder approval. The company’s governance and financial arrangements are designed to maintain investor protections typical of SPAC entities, emphasizing transparency and regulatory compliance. It has positioned itself to act as a vehicle for capital deployment with a focus on creating shareholder value through targeted mergers and acquisitions rather than direct product or service offerings. In summary, Churchill Capital Corp IX is a financial vehicle specializing in acquiring and merging with established businesses, operating within the SPAC industry segment and financial services sector, headquartered in New York, and incorporated in the Cayman Islands with a strong capital base from its 2024 IPO and ongoing sponsor support. Its recent notable action includes the issuance of a significant promissory note to facilitate operational capital needs while pursuing its business combination objectives. The company’s target market encompasses a broad spectrum of industries, reflecting the flexibility inherent in its blank check company structure.
Churchill Capital Corp IX/Cayman (NASDAQ:CCIXU) Stock Price Down 0.1% – Here’s Why
Churchill Capital Corp IX Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing June 21, 2024
Churchill Capital Corp IX Completes $287.5 Million Initial Public Offering