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Churchill Capital Corp IX/Cayman

CCIX · Nasdaq

Trust settledPlus Automation, Inc. (PlusAI) · Finished

NO ACTION REQUIRED

Nothing left to do

The cash went back to shareholders and the company wound up. There is no deadline left to miss.

Cash at settlement

no closing figure

No cash-per-share figure was filed for this vehicle before it finished.

Last close

no quote on file

Daily close

Nothing left to claim

this vehicle finished

There is nothing to hand back: the trust was already paid out to holders pro rata.

Read what happened to the cash

The floor

Trust settled

This SPAC has finished — its trust was paid out or used to close the deal, so there is nothing left to redeem

Read the reasoning behind this verdict

No price history on file yet — daily closes accumulate from the market data feed.

Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.

SpacBrain’s read

Trust settled

The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.

In plain terms

What it is
A SPAC from Churchill Capital (Michael Klein), listed on Nasdaq in May 2024.
What it's doing now
It agreed in December 2025 to buy Plus Automation, Inc. (PlusAI), an AI company. The deal valued that business at about $1.20B. That purchase never completed. The company wound up instead, and the cash in the account went back to shareholders.
What you should know
This SPAC has finished. The cash was paid back to shareholders and the company wound up, so there is nothing left to claim — the money went where the charter said it would.

At a glance

Where it stands
Liquidated
Deal
Plus Automation, Inc. (PlusAI)
Industry
AI/automation software company based in Santa Clara, CA
Deal value
$1.2B
announced 5 December 2025
Price vs cash at settlement
no live price on file
Cash in trust when it settled
not yet extracted into a snapshot — the filings below may state it
the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
IPO
3 May 2024
size not on file · 107.0% of each $10 unit into trust
Headquarters
640 FIFTH AVENUE, 14TH FLOOR, NEW YORK, NY, 10019
registered in the Cayman Islands
Lead underwriter
not extracted from the prospectus yet
Key officers
Klein Michael Stuart (Director) · Taragin Lee Jay (Chief Financial Officer) · Lapping Paul (Director)
Listed securities
CCIX common
Cash held per sharenot filed for this window

This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.

Next date that mattersno dated event on file

Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.

Yield to redemption

Nothing left to redeem — no yield to compute.

This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.

What happened to the cash

The reasoning behind the verdict above, in the order the filings establish it.

  1. The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.

What has happened, and what is coming

3 dated milestones

Every dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.

  1. 3 May 2024IPOpassed

    IPO size not on file

  2. 5 December 2025Deal announcedpassed

    Combination with Plus Automation, Inc. (PlusAI)

  3. 19 December 2025Deal votepassed0001193125-25-293828opens on sec.gov in a new tab

The deal

terms as filed

What it is buying, on what terms, and how much of the combined company new shares take from you.

The score

deterministic, from filed fields

CCIX is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.

Asymmetric return scoreNeither a price nor a cash-per-share figure is on file for this vehicle, and the score is a ratio between the two. Nothing is estimated to fill the gap.

The score is only published for names that carry both a price and a filed cash-per-share figure — 295 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.

See the names that are scored, and how

The company

from SEC filings
Read the full profile

Churchill Capital Corp IX/Cayman is a blank-check company incorporated as a Cayman Islands exempted entity and headquartered at 640 Fifth Avenue, 14th Floor, New York, NY 10019, 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. The company stated it may pursue an initial business combination in any business or industry but expects to focus on a target where its management team and founder's expertise provide a competitive advantage. Its common shares trade on Nasdaq under the ticker CCIX.

The initial public offering was priced on May 3, 2024, under SEC Registration No. 333-278192, with Citigroup acting as sole book-running manager on a firm-commitment basis. The prospectus registered 25,000,000 units at $10.00 per unit for aggregate gross proceeds of $250,000,000, with an underwriter over-allotment option of up to 3,750,000 additional units; each unit consists of one Class A ordinary share and one-quarter of one warrant, with whole warrants exercisable at $11.50 per share. Of the offering proceeds, $250.0 million ($287.5 million if the over-allotment was exercised in full) was deposited into a U.S.-based trust account with Continental Stock Transfer & Trust Company as trustee, yielding a per-unit trust amount of $10.70. The sponsor, Churchill Sponsor IX LLC (SEC CIK 0001848785), is an affiliate of M. Klein and Company, LLC, and subscribed to 650,000 private placement units at $10.00 per unit ($6,500,000) in a concurrent private placement. Units were listed under CCIXU, with Class A ordinary shares and warrants listed under CCIX and CCIXW, respectively.

The company's founder, Michael Klein, is the founder and managing partner of M. Klein and Company and a former Co-Chief Executive Officer of Citi Markets and Banking with more than two decades at Citi and its predecessors; his prior Churchill-series SPACs include Churchill Capital Corp II (merged with Skillsoft/Global Knowledge), Churchill Capital Corp III (merged with MultiPlan), Churchill Capital Corp IV (merged with Lucid Group), and Churchill Capital Corp VII (definitive agreement with CorpAcq Holdings). Chief Financial Officer Jay Taragin has served since December 2023 and previously held senior finance roles at Scotiabank, Merrill Lynch, Credit Suisse, and PricewaterhouseCoopers. The completion window was 24 months from the IPO closing (or 27 months if a letter of intent or definitive agreement was executed within that period). A deal was announced with Plus Automation, but it was terminated on April 21, 2026, and the company subsequently liquidated: an 8-K filed July 15, 2026 disclosed dissolution, liquidation, and delisting, with no completed business combination on file.

Material findings

from the full read of every filing

Every document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.

  • 8-K15 July 20260001193125-26-303455opens on sec.gov in a new tab

    This is a confirmed liquidation with a date attached: public holders are cashed out of trust within ten business days of August 6, 2026, and redemption completely extinguishes their rights as shareholders, including any further liquidating distribution. The payout is the trust balance less permitted withdrawals, so the working capital draw of up to $1,000,000 a year and taxes already taken come out of what holders receive. Founder shares get nothing — there are no redemption rights or liquidating distributions on the Class B.

  • S-4/A12 January 20260001193125-26-009645opens on sec.gov in a new tab

    The voting architecture is the notable term: only the business combination proposal is presented as a binding vote, while the domestication, the new charter and bylaws, and the specific charter changes are all put to shareholders on a non-binding advisory basis. A holder who opposes the new governing documents but supports the deal therefore has no binding vote against them. The two-step merger with a surviving LLC subsidiary is the standard route to a particular tax treatment. The merger agreement stands amended twice, in September 2025; the document gives those dates but not their content.

  • S-4/A30 December 20250001193125-25-335940opens on sec.gov in a new tab

    The two-step structure ends with the operating business held in an LLC subsidiary rather than a corporation, which is the standard route to a particular tax treatment of the combination. The Domestication moves CCIX from Cayman to Delaware law before the merger, so post-closing shareholder rights are governed by the DGCL. The underlying merger agreement had been amended twice, both times in September 2025; the document gives those dates but does not state what they changed, and this amendment to the registration statement does not identify its own change either.

  • S-4/A5 December 20250001193125-25-309933opens on sec.gov in a new tab

    The operating business ends up held in an LLC subsidiary after a two-step merger, the standard structure for a particular tax treatment, and the Domestication moves CCIX to Delaware law before that happens. The underlying merger agreement carried two amendments dated September 8 and September 18, 2025 by the time of this filing. The explanatory note identifies the document but not the change, so what moved between the original S-4 and this amendment is not stated here.

  • S-419 September 20250001193125-25-207719opens on sec.gov in a new tab

    This is the baseline registration for the CCIX / PlusAI combination, filed one day after the second amendment to the merger agreement, so the terms it registers already reflect both September 2025 amendments. The two-step merger leaves the operating business in an LLC subsidiary, the standard structure for a particular tax treatment, and the Domestication moves CCIX to Delaware law before that occurs. No share counts, vote date or redemption deadline appear in the extracted portion.

Filings

live EDGAR feed

Everything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.

  • SCHEDULE 13G14 August 20260001905106-26-000124opens on sec.gov in a new tab
  • SCHEDULE 13G/A14 August 20260001688382-26-000024opens on sec.gov in a new tab
  • SCHEDULE 13G/A5 August 20260001628280-26-053585opens on sec.gov in a new tab
  • 25-NSE27 July 20260001354457-26-000732opens on sec.gov in a new tab
  • 8-K15 July 20260001193125-26-303455opens on sec.gov in a new tab

    What changed: Churchill Capital Corp IX disclosed that on July 14, 2026 its board determined the company cannot complete a business combination by its charter deadline of August 6, 2026. It will cease operations except winding up and, within ten business days, redeem the public Class A ordinary shares at the trust balance including interest, net of permitted working capital withdrawals capped at $1,000,000 a year, taxes and up to $100,000 for dissolution expenses, divided by public shares outstanding. It will then dissolve and liquidate. Why it matters: This is a confirmed liquidation with a date attached: public holders are cashed out of trust within ten business days of August 6, 2026, and redemption completely extinguishes their rights as shareholders, including any further liquidating distribution. The payout is the trust balance less permitted withdrawals, so the working capital draw of up to $1,000,000 a year and taxes already taken come out of what holders receive. Founder shares get nothing — there are no redemption rights or liquidating distributions on the Class B.

Show the other 10 filings

The record

The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.

Show the reference detail

Unit structure

Cash in trust at IPO$10.70

Unit: U = S + W/4 · 107.0% of the $10 unit

from 424B3 0001193125-26-142368

Trading & liquidity

Average daily volume (20d)no volume reported on the bars we hold
Average daily $ volumeneeds both volume and a live price
Range over the bars heldnot enough price history
Total cash in trustthe trust total is not in the last XBRL stamp

Company profile

Industry (SIC)Services-Computer Integrated Systems Design (7373)
Registered inthe Cayman Islands
Exchange · CIKNasdaq · 0002006291

All filings on EDGARopens on sec.gov in a new tab

Directors & officers

Institutional holders

from SC 13G/13D

Funds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.

Show the declared stakes

9 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.

One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.

Sources on file

harvested pages, kept in full

Every public page we have read about this company, stored in full so a source can never go missing.

Show the sources

38 full SEC filing texts archived — searchable, never lost.

In plain English

tap a term to open it

Every piece of jargon this page could have used, and what it actually means.

Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected

A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.

Redemption deadlinethe last day to hand shares back for cash

Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.

Broker action datethe day your broker needs the instruction — earlier than the official date

Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.

Cash in trust / trust per sharethe cash the company is holding for each public share

Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.

Trust discountbuying below the cash held for you

Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.

Dilutionhow much of the company new shares take from you

Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.

Pro-forma equitywhat the company is valued at once the deal closes

The combined company's equity value assuming the announced terms and the redemptions that have actually happened.

ARShow much upside you get per unit of downside

SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.

De-SPACthe day the SPAC becomes the real company

The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.

Outside datethe contractual long-stop for closing the deal

A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.

Accession numberthe SEC's unique id for one filing

Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.

Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since

A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.

Ask the brain

from its filings
Data provenance & audit trail5 internal entries

Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.

CCIX — company record
UNIVERSE-IPO-INDEX2026-08-18

admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 7373 (Services-Computer Integrated Systems Design). The screen found it by filing SHAPE instead — S-1 2024-03-22 → 8-A12B 2024-05-01 → 424B4 2024-05-03 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 7373 + self-described blank check in 424B4 0001193125-24-130638; 424B 0001193125-24-130638 priced 2024-05-03 under S-1 0001193125-24-075471 (file 333-278192, an offering for cash); common ticker CCIX off 10-K 0001193125-26-039696 (2026-02-05); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-278192, which belongs to S-1 0001193125-24-075471 (2024-03-22) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2024-05-03). Ending PROVEN, not inferred: CLOSED per 425 0001193125-26-146042 (2026-04-08) — e less than the amount they would receive upon exercising their redemption rights. Further, the shares of most companies that have recently completed business combinations between a special purpose acquisition company and an operating company have traded at prices below $10.00 per share. Accordingly, CHURCHILL IX public shareholders who do not exercise their redemption rights may hold shares of po. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.

SPONSOR-ID2026-08-14

sponsor "Churchill Sponsor IX LLC" (SEC CIK 0001848785) sourced from Form 3 reportingOwner (10% owner) acc 0000950170-24-051682.

WEBSITE-NONE2026-08-26

STATUS-REPAIR2026-08-31

status CLOSED -> LIQUIDATED. The ending was recorded without a completed combination on file: no Item 2.01 anywhere in this CIK's 8-K history, no Form 15 ever, and no other registrant files anything naming this vehicle after its Form 25 (Form 25 says "not listed", never "ended"). PROOF: wind-up: 8-K 2026-07-15 acc 0001193125-26-303455 (items 8.01/9.01) states dissolve and liquidate / redeem all / delist; deal terminated first: 8-K 2026-04-21 item 1.02 acc 0001193125-26-165149 (Plus Automation). STILL ALIVE: n/a — this row was CLOSED and is genuinely ending, but as a LIQUIDATION and not a completed combination: no Item 2.01 ever, no successor registrant exists. Since §98 a wrong ending also STOPS INGEST for the row, so this was costing us the tape as well as the truth. POSTMORTEMS §98.

Deal — Plus Automation, Inc. (PlusAI)
STATUS-REPAIR2026-08-31

deal was stamped CLOSED on a vehicle recorded as finished; wind-up: 8-K 2026-07-15 acc 0001193125-26-303455 (items 8.01/9.01) states dissolve and liquidate / redeem all / delist; deal terminated first: 8-K 2026-04-21 item 1.02 acc 0001193125-26-165149 (Plus Automation). §98

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