Churchill Capital Corp IX/Cayman

Churchill Capital Corp IX announced its board determined to redeem all outstanding Class A ordinary shares because the company was unable to complete an initial business combination by its deadline. The company will cease operations, redeem public shares at an estimated $10.89 per share, and then dissolve and liquidate. Warrants will expire worthless, and the company's securities are expected to be delisted from Nasdaq by July 28, 2026.

Churchill Capital Corp IX (CCIX) announced the mutual termination of its merger agreement with Plus Automation, Inc. (PlusAI) on April 20, 2026, citing market conditions. For the three months ended March 31, 2026, the SPAC reported a net income of $1,493,975, a decrease from $2,714,137 in the prior year. The company also disclosed a working capital deficit of $664,401 and raised substantial doubt about its ability to continue as a going concern if it fails to complete a business combination by the August 6, 2026 deadline.

Churchill Capital Corp IX (CCIX) and Plus Automation, Inc. have mutually agreed to terminate their previously announced merger agreement, effective April 20, 2026. The decision was made due to prevailing market conditions. As a result of the termination, Churchill has cancelled its extraordinary general meeting of shareholders and the related redemption deadline, which were scheduled for April 24, 2026.