Churchill Capital Corp IX/Cayman is a special purpose acquisition company (SPAC) organized as an exempted company under the laws of the Cayman Islands. Established to raise capital through an initial public offering of units, the company’s sole business objective is to effect a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses. Until a business combination is completed, Churchill Capital Corp IX/Cayman’s operations are limited to the identification and evaluation of prospective target companies and the management of its trust account.
The company’s units are listed on the Nasdaq Stock Market under the ticker symbol CCIXU. Each unit consists of one share of common stock and one-half of one warrant, with each whole warrant entitling its holder to purchase one share of common stock upon the completion of a qualifying transaction. Proceeds from the IPO are held in a trust account, earning interest, until the company’s board of directors, together with its management team, identifies a suitable business combination candidate and secures shareholder approval.
Churchill Capital Corp IX/Cayman is sponsored and led by an experienced team of investment bankers and corporate finance professionals, with Michael E. Klein serving as chairman and CEO. Klein is known for his work in financial institutions and capital markets, having held senior roles at global investment banks. The SPAC is positioned to pursue targets across a broad range of industries, including technology, financial services, healthcare and consumer sectors, with a focus on businesses that can benefit from public market access, strategic guidance and capital support.
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