Churchill Capital Corp IX/Cayman (CCIX): debt financing — Churchill Capital Corp IX issues up to $1.5M promissory note to sponsor for working capital
Churchill Capital Corp IX/Cayman
- Unsecured, non-interest bearing note of up to $1,500,000 issued to Churchill Sponsor IX LLC on Dec 2, 2025.
- Matures upon earlier of initial business combination or liquidation; proceeds for working capital.
- Sponsor may convert outstanding principal into units at $10.00/unit (each unit = 1 Class A share + 1/4 warrant).
- Conversion units are identical to private placement units issued at IPO and carry registration rights.