---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-136264"
form_type: "8-K"
ticker: "CCIX"
cik: "0002006291"
company_name: "Churchill Capital Corp IX/Cayman"
filed_at: "2025-06-06T23:59:59+00:00"
generated_at: "2026-05-19T18:48:11.638053+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Churchill Capital Corp IX to merge with Plus Automation at $1.2B pre-money equity value

## Summary
- Pre-money equity value of Plus Automation set at $1.2B; Exchange Ratio based on $10.00 per share.
- Closing requires minimum $100M cash in trust after redemptions; expected by Feb 5, 2026.
- Cayman-to-Delaware domestication; post-merger name to be PlusAI Holdings, Inc.
- Up to 15M earnout shares issuable in three tranches tied to $12/$14 VWAP thresholds.
- Sponsor to forfeit up to 718,750 shares based on redemptions; 1.08M shares subject to performance vesting.

## SEC filing metadata
- accession: 0001193125-25-136264
- form_type: 8-K
- ticker: CCIX
- cik: 0002006291
- company_name: Churchill Capital Corp IX/Cayman
- filed_at: 2025-06-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2006291/000119312525136264/0001193125-25-136264-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2006291/000119312525136264/d51327d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-136264
- JSON: https://secwatch.observer/filing/0001193125-25-136264.json
- Plain text: https://secwatch.observer/filing/0001193125-25-136264.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.