CCIX: 25-NSE · delisting
Churchill Capital Corp IX/Cayman has filed a Form 25-NSE, notifying the SEC of the removal of its securities from listing and registration under Section 12(b) of the Securities Exchange Act of 1934. This filing formally initiates the delisting process, indicating that the company's shares will no longer be traded on the national exchange where they were previously registered. The submission of this form typically marks the final step in the winding down of a special purpose acquisition company (SPAC) that has not completed a business combination or is dissolving. A mandatory 10-day waiting period follows the filing before the delisting becomes effective, after which the company will generally cease to exist as a publicly traded entity.
Churchill Capital Corp IX Announces its Intention to Liquidate
CCIX: 10-Q · periodic report
Churchill Capital Corp IX (CCIX) reported a net income of $1.49 million for the quarter ended March 31, 2026, driven primarily by $2.65 million in interest income earned on its trust account, which now holds $310.3 million. The SPAC faces substantial doubt regarding its ability to continue as a going concern, citing a mandatory liquidation deadline of August 6, 2026, and the recent termination of its merger agreement with Plus Automation, Inc. due to market conditions. With only $167,798 in operating cash and a working capital deficit of $664,401, the company has drawn $500,000 from a sponsor loan facility to fund operations while it searches for a new business combination target.
PlusAI and Churchill Capital Corp IX Terminate Business Combination
