Churchill Capital Corp IX filed to offer 25 million units at $10 each. A unit consists of a share and one-fourth of a warrant, with whole warrants good for one share at $11.50.
The founders of the NYC-based company own 7,187,500 Class B shares.
In addition to founding his previous Churchill Capital SPACs, CEO, President and Director Michael Klein was previously CEO of Global Banking at Citi, CEO of Citi Markets & Banking, Europe, and Co-Head of Global Investment Banking for Salomon Smith Barney for the decade prior.
The new SPAC intends to apply for a Nasdaq listing under the symbol CCIXU.
Citigroup is sole book-running manager on the deal.
Klein’s Churchill Capital VII has a merger agreement with UK-based SME owner CorpAcq. Churchill Capital VI and V dissolved. Churchill Capital Corp IV merged with EV maker Lucid in 2021, and Churchill Capital III merged with healthcare services provider MultiPlan in 2020. Read more.
