Churchill Capital Corp IX/Cayman (NASDAQ: CCIX)

Churchill Capital Corp IX is a blank check company incorporated in the Cayman Islands on December 18 2023 formed for the purpose of effecting a Business Combination with one or more businesses that have not yet been identified. The company has not engaged in any operations or generated any revenues to date. Its primary activities consist of organizational efforts preparing for the Initial Public Offering identifying a target company for a Business Combination and pursuing the completion of the PlusAI Business Combination. Churchill Capital Corp IX intends to effectuate its Business Combination using cash from the Initial Public Offering and Private Placement proceeds its shares debt or a combination thereof.

Churchill Capital Corp IX generates non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering held in the Trust Account. The company does not expect to generate any operating revenues until after the completion of its Business Combination. For the three months ended September 30 2025 the company had net income of $2 323 436 which includes $3 239 348 of interest income earned on the Trust Account offset by $915 912 of general and administrative costs. For the nine months ended September 30 2025 the company had net income of $5 879 945 which includes $9 417 973 of interest income earned on the Trust Account offset by $3 538 028 of general and administrative costs.

The company operates through the following segments:

Churchill Capital Corp IX operates as a special purpose acquisition company (SPAC) within the financial services industry specifically focused on facilitating business combinations with private operating companies. As a blank check company it does not have direct competitors in the traditional sense but competes with other SPACs for access to capital and attractive target businesses. Its competitive advantages include the sponsorship of Churchill Sponsor IX LLC an affiliate of M. Klein and Company LLC which provides expertise in identifying and executing business combinations and the funds held in trust which provide a dedicated source of capital for completing a transaction.

Churchill Capital Corp IX serves public shareholders who invested in its Initial Public Offering and Private Placement. The company's customer base consists of institutional and retail investors who purchased its Units consisting of Class A ordinary shares and Public Warrants. Specific customer names are not disclosed in the filing.