Churchill Capital Corp IX has entered into a new unsecured promissory note agreement with its sponsor, Churchill Sponsor IX LLC, for up to $1.5 million to support the company's working capital needs. The note, issued on December 2, 2025, bears no interest and matures upon the earlier of the company completing an initial business combination or undergoing liquidation. The sponsor has the option to convert outstanding amounts under the note into units of the company at a price of $10.00 per unit, with each unit including one Class A ordinary share and one-quarter of a warrant. The conversion units will have the same terms as the private placement units issued at the company's IPO and are entitled to registration rights.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Churchill Capital Corp IX published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-306977), on December 03, 2025, and is solely responsible for the information contained therein.