other material
confidence high
sentiment neutral
materiality 0.75
Churchill Capital Corp IX closes $287.5M IPO; funds placed in trust
Churchill Capital Corp IX/Cayman
- Sold 28.75M units at $10 each, including full over-allotment exercise; gross proceeds $287.5M.
- Sponsor purchased 725,000 private placement units for $7.25M.
- $287.5M deposited in trust account; $10.00 per unit held for business combination.
- Audited balance sheet as of May 6, 2024 shows $290.5M total assets, $287.5M in trust.