NEW
YORK, May 6, 2024 /PRNewswire/ -- Churchill
Capital Corp IX (the "Company") announced today the closing of its
initial public offering of 28,750,000 units, which includes
3,750,000 units issued pursuant to the exercise by the underwriters
of their over-allotment option in full. The offering was priced at
$10.00 per unit, resulting in gross
proceeds of $287,500,000.
The Company's units began trading on May
2, 2024 on the Nasdaq Global Market ("Nasdaq") under the
ticker symbol "CCIXU." Each unit consists of one Class A ordinary
share of the Company and one-quarter of one redeemable warrant,
with each whole warrant entitling the holder thereof to purchase
one Class A ordinary share of the Company at an exercise price of
$11.50 per share. Once the securities
constituting the units begin separate trading, the Class A ordinary
shares and warrants are expected to be listed on Nasdaq under the
symbols "CCIX" and "CCIXW," respectively.
Of the proceeds received from the consummation of the initial
public offering and a simultaneous private placement of units (as
well as the exercise of the over-allotment option), $287,500,000 (or $10.00 per unit sold in the public offering) was
placed in trust.
The Company was founded by Michael
Klein, who is also the founder and managing partner of M.
Klein and Company, LLC. The Company was 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. It may pursue an initial
business combination target in any business or industry.
Citigroup Global Markets Inc. ("Citigroup") acted as sole
bookrunner and representative of the underwriters. The offering was
made by means of a prospectus. Copies of the prospectus relating to
the offering may be obtained from Citigroup, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at
(800) 831-9146.
A registration statement relating to the securities was declared
effective by the U.S. Securities and Exchange Commission (the
"SEC") on May 1, 2024. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
"forward-looking statements," including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds thereof. No assurance can be given that the net proceeds
of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company's registration statement and
preliminary prospectus for the Company's offering filed with the
SEC. Copies are available on the SEC's website, www.sec.gov. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Company Contact:
Churchill Capital Corp IX
info@churchillcapitalcorp.com
Steve Lipin / Michael Landau
Gladstone Place Partners
212-230-5930
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SOURCE Churchill Capital Corp IX
