Churchill Capital Corp IX Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing June 21, 2024

Rhea-AI Summary

Churchill Capital Corp IX (Nasdaq: CCIXU) announced that starting June 21, 2024, investors who purchased units during the company's initial public offering can choose to separately trade the Class A ordinary shares and warrants included in these units. Fractional warrants will not be issued; only whole warrants will trade. The separated Class A shares and warrants will be listed on the Nasdaq Global Market under the symbols 'CCIX' and 'CCIXW,' respectively. Units that remain unseparated will continue to trade under the symbol 'CCIXU.' This announcement does not serve as an offer to sell or buy the company's securities in any jurisdictions where such an offer or sale would be unlawful.

Positive

• Starting June 21, 2024, Class A ordinary shares and warrants can be traded separately, offering investors more flexibility.
• Separated Class A shares and warrants will trade on Nasdaq Global Market under the symbols 'CCIX' and 'CCIXW.'

Negative

• No fractional warrants will be issued upon the separation of units.

NEW YORK, June 20, 2024 /PRNewswire/ -- Churchill Capital Corp IX (Nasdaq: CCIXU) (the "Company" or "Churchill IX") announced today that, commencing June 21, 2024, holders of the units sold in the Company's initial public offering may elect to separately trade the Company's Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the Nasdaq Global Market under the symbols "CCIX" and "CCIXW," respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol "CCIXU."

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Churchill Capital Corp IX

Churchill IX is a blank check company 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. It may pursue an initial business combination target in any business or industry.

Forward Looking Statements

This press release may include, and oral statements made from time to time by representatives of the Company may include, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the Securities and Exchange Commission ("SEC"). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the Company's initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contact:
Churchill Capital Corp IX
info@churchillcapitalcorp.com
Steve Lipin / Michael Landau
Gladstone Place Partners
212-230-5930

View original content:https://www.prnewswire.com/news-releases/churchill-capital-corp-ix-announces-the-separate-trading-of-its-class-a-ordinary-shares-and-warrants-commencing-june-21-2024-302178483.html

SOURCE Churchill Capital Corp IX

FAQ

When can investors start trading Churchill Capital Corp IX's Class A shares and warrants separately?

Starting June 21, 2024, investors can elect to trade Class A shares and warrants separately.

What are the new trading symbols for Churchill Capital Corp IX's separated Class A shares and warrants?

The trading symbols for separated Class A shares and warrants are 'CCIX' and 'CCIXW,' respectively.

Will fractional warrants be issued when units are separated?

No, fractional warrants will not be issued upon separation; only whole warrants will trade.

What symbol will unseparated units of Churchill Capital Corp IX continue to trade under?

Unseparated units will continue to trade under the symbol 'CCIXU.'

Does this press release serve as an offer to sell or buy Churchill Capital Corp IX's securities?

No, this press release does not serve as an offer to sell or buy the company's securities.