Churchill Capital Corp IX/Cayman
Business
Churchill Capital Corp IX/Cayman is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It offers public units, Class A ordinary shares and public warrants and provides a public company vehicle to consummate an initial business combination and related advisory and transactional support. Its operating structure includes a sponsor (an affiliate of M. Klein and Company), a management team and Operating Partners who source, diligence and execute transactions. It pursues targets across industries globally using proprietary sourcing channels, capital markets access and Nasdaq listing and trust-account mechanisms.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| General and administrative costs | 4 | 830,773 | |
| Loss from operations | −4 | −830,773 | |
| Interest income earned on marketable securities and cash held in Trust Account | 12 | 10 | |
| Total other income, net | 12 | 10 | |
| Net income | 9 | 9 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-09-30 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|---|
| Cash | 2,469 | 100 | 2 | 0 | |
| Prepaid expenses | 7,189 | — | 6,179 | 0 | |
| Short-term prepaid insurance | 152,045 | — | 430,995 | 0 | |
| Total current assets | 161,703 | — | 3 | 0 | |
| Long-term prepaid insurance | 0 | — | 152,045 | 0 | |
| Marketable securities and cash held in Trust Account | 308 | — | 296 | 0 | |
| Total Assets | 308 | — | 299 | 65,353 | |
| Accrued expenses | 172,969 | — | 75,000 | 18,958 | |
| Total current liabilities | 172,969 | — | 75,000 | 59,311 | |
| Deferred underwriting fee payable | 10 | — | 10 | 0 | |
| Total Liabilities | 10 | — | 10 | 59,311 | |
| Commitments and Contingencies (Note 6) | — | — | — | — | |
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and 2024 | 0 | — | 0 | 0 | |
| Additional paid-in capital | 0 | — | 0 | 24,281 | |
| Accumulated deficit | −10 | — | −7 | −18,958 | |
| Total Shareholders' Deficit | −10 | — | −7 | 6,042 | |
| Total Liabilities, Class A Ordinary Shares Subject to Redemption and Shareholders' Deficit | 308 | — | 299 | 65,353 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Formation and operating expenses paid by Sponsor | 0 | 44,020 | |
| Prepaid expenses | −1,010 | −6,179 | |
| Prepaid insurance | 430,995 | −583,040 | |
| Accrued expenses | 97,969 | 56,041 | |
| Net cash used in operating activities | −3 | −1 | |
| Investment of cash in Trust Account | 0 | −288 | |
| Cash withdrawn from Trust Account for working capital purposes | 1 | 1 | |
| Net cash provided by (used in) investing activities | 1 | −287 | |
| Proceeds from sale of Units, net of underwriting discounts paid | 0 | 282 | |
| Proceeds from sale of Private Placement Units | 0 | 7 | |
| Underwriters' reimbursement | 0 | 2 | |
| Repayment of promissory noterelated party | 0 | −314,295 | |
| Payment of offering costs | — | −261,960 | |
| Net cash provided by financing activities | 0 | 290 | |
| Net Change in Cash | −2 | 2 | |
| Deferred underwriting fee payable | 0 | 10 | |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | 0 | 25,000 | |
| Deferred offering costs paid through promissory noterelated party | 0 | 232,775 | |
| Deferred Offering costs included in accrued offering costs | 0 | 247,960 |