CCIXU

Churchill Capital Corp IX [CCIXU] represents units issued by Churchill Capital Corp IX, a special purpose acquisition company (SPAC) sponsored by prominent investor Michael Klein's Churchill Capital platform. Each unit typically combines one share of common stock with a portion of one warrant, creating a bundled security for initial investors. These units are offered during the SPAC's initial public offering and provide a package investment that includes both equity ownership and potential additional upside through warrant participation. Following the IPO, units generally separate into their constituent parts—common shares and warrants—which then trade independently under different ticker symbols. The unit structure is designed to enhance the SPAC offering's attractiveness during the capital-raising phase by providing investors with both immediate voting rights and participation in the common stock, along with leveraged exposure through the attached warrants. Unit holders retain rights to vote on proposed business combinations and redemption options.