{"url_path":"/sec/ccix/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/2006291/0001193125-26-226645-index.html","accession_number":"0001193125-26-226645","cik":"0002006291","ticker":"CCIX","issuer_name":"Churchill Capital Corp IX/Cayman","edgar_url":"https://www.sec.gov/Archives/edgar/data/2006291/0001193125-26-226645-index.html","primary_entity_key":"0002006291","primary_entity_name":"Churchill Capital Corp IX/Cayman"},"word_count":2802,"has_tables":true,"body_markdown":"10-Q\n\nfalseChurchill Capital Corp IX/Cayman0002006291Q1--12-31 0002006291 2026-01-01 2026-03-31 0002006291 2026-03-31 0002006291 2025-12-31 0002006291 2025-01-01 2025-03-31 0002006291 2024-05-06 0002006291 2024-05-06 2024-05-06 0002006291 2023-12-18 2023-12-18 0002006291 2024-12-31 0002006291 2025-01-01 2025-12-31 0002006291 2025-05-02 2025-05-02 0002006291 2025-03-31 0002006291 us-gaap:CommonClassAMember 2025-12-31 0002006291 us-gaap:CommonClassBMember 2025-12-31 0002006291 ccix:FounderSharesMember 2025-12-31 0002006291 ccix:PublicWarrantsMember 2025-12-31 0002006291 ccix:PrivateWarrantsMember 2025-12-31 0002006291 us-gaap:RelatedPartyMember 2025-12-31 0002006291 us-gaap:FairValueInputsLevel1Member ccix:MoneyMarketInvestmentMember 2025-12-31 0002006291 us-gaap:FairValueInputsLevel1Member us-gaap:USTreasurySecuritiesMember 2025-12-31 0002006291 us-gaap:CashMember 2025-12-31 0002006291 us-gaap:USTreasuryBillSecuritiesMember 2025-12-31 0002006291 us-gaap:FairValueInputsLevel1Member 2025-12-31 0002006291 ccix:WclPromissoryNoteMember 2025-12-31 0002006291 us-gaap:CommonClassAMember 2026-03-31 0002006291 us-gaap:CommonClassBMember 2026-03-31 0002006291 us-gaap:CashMember 2026-03-31 0002006291 ccix:FounderSharesMember 2026-03-31 0002006291 ccix:PublicWarrantsMember 2026-03-31 0002006291 ccix:PrivateWarrantsMember 2026-03-31 0002006291 ccix:PrivatePlacementWarrantsMember us-gaap:PrivatePlacementMember 2026-03-31 0002006291 ccix:WorkingCapitalLoansMember srt:MaximumMember ccix:SponsorMember 2026-03-31 0002006291 ccix:WorkingCapitalLoansMember ccix:SponsorMember 2026-03-31 0002006291 us-gaap:RelatedPartyMember 2026-03-31 0002006291 ccix:MoneyMarketInvestmentMember 2026-03-31 0002006291 us-gaap:FairValueInputsLevel1Member us-gaap:AssetHeldInTrustMember 2026-03-31 0002006291 srt:DirectorMember 2026-03-31 0002006291 ccix:WclConversionUnitsMember 2026-03-31 0002006291 ccix:WclPromissoryNoteMember 2026-03-31 0002006291 us-gaap:FairValueInputsLevel1Member us-gaap:USTreasurySecuritiesMember 2026-03-31 0002006291 us-gaap:FairValueInputsLevel1Member ccix:MoneyMarketInvestmentMember 2026-03-31 0002006291 ccix:ClassARedeemableOrdinarySharesMember 2025-01-01 2025-03-31 0002006291 ccix:ClassAAndBNonRedeemableOrdinarySharesMember 2025-01-01 2025-03-31 0002006291 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0002006291 us-gaap:CapitalUnitsMember 2026-01-01 2026-03-31 0002006291 us-gaap:CommonClassAMember 2026-01-01 2026-03-31 0002006291 us-gaap:WarrantMember 2026-01-01 2026-03-31 0002006291 ccix:ClassARedeemableOrdinarySharesMember 2026-01-01 2026-03-31 0002006291 ccix:ClassAAndBNonRedeemableOrdinarySharesMember 2026-01-01 2026-03-31 0002006291 ccix:PublicWarrantsMember ccix:RedemptionOfWarrantsWhenPricePerShareOfClassCommonStockEqualsOrExceeds18.00Member 2026-01-01 2026-03-31 0002006291 ccix:PublicWarrantsMember 2026-01-01 2026-03-31 0002006291 us-gaap:IPOMember 2026-01-01 2026-03-31 0002006291 us-gaap:FairValueInputsLevel1Member us-gaap:AssetHeldInTrustMember 2026-01-01 2026-03-31 0002006291 us-gaap:RetainedEarningsMember 2026-01-01 2026-03-31 0002006291 srt:DirectorMember 2026-01-01 2026-03-31 0002006291 us-gaap:CommonClassAMember us-gaap:IPOMember 2024-05-06 2024-05-06 0002006291 us-gaap:PrivatePlacementMember 2024-05-06 2024-05-06 0002006291 us-gaap:IPOMember 2024-05-06 2024-05-06 0002006291 us-gaap:OverAllotmentOptionMember 2024-05-06 2024-05-06 0002006291 ccix:FounderSharesMember 2024-05-06 2024-05-06 0002006291 us-gaap:CommonClassBMember ccix:FounderSharesMember 2024-05-06 2024-05-06 0002006291 us-gaap:CommonClassAMember us-gaap:IPOMember 2024-05-06 0002006291 us-gaap:PrivatePlacementMember 2024-05-06 0002006291 us-gaap:IPOMember 2024-05-06 0002006291 us-gaap:OverAllotmentOptionMember 2024-05-06 0002006291 us-gaap:CommonClassBMember ccix:FounderSharesMember 2023-12-18 0002006291 ccix:SponsorMember 2023-12-18 0002006291 ccix:SponsorMember 2024-05-02 2024-05-02 0002006291 srt:DirectorMember 2025-07-30 2025-07-30 0002006291 ccix:WorkingCapitalLoansMember ccix:SponsorMember 2025-12-02 0002006291 us-gaap:CommonClassAMember 2025-12-02 0002006291 ccix:WclPromissoryNoteMember ccix:SponsorMember 2025-12-02 0002006291 srt:MinimumMember 2025-04-22 2025-04-22 0002006291 srt:MaximumMember 2025-04-22 2025-04-22 0002006291 us-gaap:CommonClassAMember 2025-01-01 2025-12-31 0002006291 us-gaap:FairValueInputsLevel1Member us-gaap:USTreasurySecuritiesMember 2025-01-01 2025-12-31 0002006291 us-gaap:CommonClassBMember 2026-05-15 0002006291 us-gaap:CommonClassAMember 2026-05-15 0002006291 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2024-12-31 0002006291 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2024-12-31 0002006291 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0002006291 us-gaap:RetainedEarningsMember 2024-12-31 0002006291 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2025-03-31 0002006291 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2025-03-31 0002006291 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0002006291 us-gaap:RetainedEarningsMember 2025-03-31 0002006291 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2025-12-31 0002006291 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2025-12-31 0002006291 us-gaap:AdditionalPaidInCapitalMember 2025-12-31 0002006291 us-gaap:RetainedEarningsMember 2025-12-31 0002006291 us-gaap:RetainedEarningsMember 2026-03-31 0002006291 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2026-03-31 0002006291 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2026-03-31 0002006291 us-gaap:AdditionalPaidInCapitalMember 2026-03-31 xbrli:shares iso4217:USD utr:Day xbrli:pure iso4217:USD xbrli:shares ccix:SEGMENT\n\n \n\n \n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n \n\n \n\nFORM 10-Q\n\n \n\n \n\n(MARK ONE)\n\n☒\n\nQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarter ended March 31, 2026\n\n \n\n☐\n\nTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from\n\n     \n\nto\n\n     \n\nCommission file number:\n001-42041\n\n \n\n \n\nCHURCHILL CAPITAL CORP IX\n\n(Exact Name of Registrant as Specified in Its Charter)\n\n \n\n \n\n \n\nCayman Islands\n\n \n\n86-1885237\n\n(State or other jurisdiction of\n\nincorporation or organization)\n\n \n\n(I.R.S. Employer\n\nIdentification No.)\n\n640 Fifth Avenue, 14th Floor\n\nNew York, New York\n\n \n\n10019\n\n(Address of principal executive offices)\n\n \n\n(Zip Code)\n\n(212)\n380-7500\n\n(Registrant’s telephone number, including area code)\n\nNot Applicable\n\n(Former name or former address, if changed since last report)\n\n \n\n \n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n \n\nTitle of each class\n\n \n\nTrading\n\nSymbol(s)\n\n \n\nName of each exchange\n\non which registered\n\nUnits, each consisting of one Class A ordinary share and\none-quarter\nof one redeemable warrant\n\n \n\nCCIXU\n\n \n\nThe Nasdaq Stock Market LLC\n\nClass A ordinary shares, par value $0.0001\n\n \n\nCCIX\n\n \n\nThe Nasdaq Stock Market LLC\n\nWarrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share\n\n \n\nCCIXW\n\n \n\nThe Nasdaq Stock Market LLC\n\n \n\n \n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation\nS-T(§232.405\nof this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a\nnon-accelerated\nfiler, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in\nRule 12b-2\nof the Exchange Act.\n\n \n\nLarge accelerated filer\n \n☐\n  \nAccelerated filer\n \n☐\n\nNon-accelerated filer\n\n \n\n☒\n\n  \nSmaller reporting company\n \n☒\n\n \n\n  \nEmerging growth company\n \n☒\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in\nRule 12b-2\nof the Exchange Act). Yes ☒ No ☐\n\nAs of May\n15\n, 2026, there were 29,475,000 Class A ordinary shares, par value $0.0001 per share, and 7,187,500 Class B ordinary shares, par value $0.0001 per share, of the registrant issued and outstanding.\n\n \n\n \n\n \n\nCHURCHILL CAPITAL CORP IX\n\nFORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2026\n\nTABLE OF CONTENTS\n\n \n\n \n  \nPage\n \n\n[Part I. Financial Information](#toc222611_1)\n\n  \n \n1\n \n\n[Item 1. Financial Statements](#toc222611_2)\n\n  \n \n1\n \n\n[Condensed Consolidated Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 2025](#toc222611_3)\n\n  \n \n1\n \n\n[Condensed Consolidated Statements of Operations for the three months ended March 31, 2026 and 2025 (Unaudited)](#toc222611_4)\n\n  \n \n2\n \n\n[Condensed Consolidated Statements of Changes in Shareholders’ Deficit for the three months ended March 31, 2026 and 2025 (Unaudited)](#toc222611_5)\n\n  \n \n3\n \n\n[Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025 (Unaudited)](#toc222611_6)\n\n  \n \n4\n \n\n[Notes to Condensed Consolidated Financial Statements (Unaudited)](#toc222611_7)\n\n  \n \n5\n \n\n[Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#toc222611_8)\n\n  \n \n18\n \n\n[Item 3. Quantitative and Qualitative Disclosures About Market Risk](#toc222611_9)\n\n  \n \n22\n \n\n[Item 4. Controls and Procedures](#toc222611_10)\n\n  \n \n22\n \n\n[Part II. Other Information](#toc222611_11)\n\n  \n \n24\n \n\n[Item 1. Legal Proceedings](#toc222611_12)\n\n  \n \n24\n \n\n[Item 1A. Risk Factors](#toc222611_13)\n\n  \n \n24\n \n\n[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](#toc222611_14)\n\n  \n \n24\n \n\n[Item 3. Defaults Upon Senior Securities](#toc222611_15)\n\n  \n \n24\n \n\n[Item 4. Mine Safety Disclosures](#toc222611_16)\n\n  \n \n24\n \n\n[Item 5. Other Information](#toc222611_17)\n\n  \n \n24\n \n\n[Item 6. Exhibits](#toc222611_18)\n\n  \n \n25\n \n\n[Signatures](#toc222611_19)\n\n  \n \n26\n \n\n \n\ni\n\nUnless otherwise stated in this Report, or the context otherwise requires, references to:\n\n \n\n \n•\n \n\n“2025 AGM” are to our annual general meeting of shareholders held on December 19, 2025;\n\n \n\n \n•\n \n\n“Administrative Support Agreement” are to the Administrative Support Agreement, dated May 1, 2024, which we entered into with an affiliate of our Sponsor (as defined below);\n\n \n\n \n•\n \n\n“Amended and Restated Articles” are to our Amended and Restated Memorandum and Articles of Association, as currently in effect;\n\n \n\n \n•\n \n\n“ASC” are to the FASB (as defined below) Accounting Standards Codification;\n\n \n\n \n•\n \n\n“Board of Directors” or “Board” are to our board of directors;\n\n \n\n \n•\n \n\n“Business Combination” are to a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses;\n\n \n\n \n•\n \n\n“Certifying Officers” are to our Chief Executive Officer and Chief Financial Officer, together;\n\n \n\n \n•\n \n\n“Class A Ordinary Shares” are to our Class A ordinary shares, par value $0.0001 per share;\n\n \n\n \n•\n \n\n“Class B Ordinary Shares” are to our Class B ordinary shares, par value $0.0001 per share;\n\n \n\n \n•\n \n\n“Combination Period” are to (i) the 24-month period, from the closing of the Initial Public Offering (as defined below) to May 6, 2026 (or August 6, 2026, if we have executed a letter of intent, agreement in principle or definitive agreement for an initial Business Combination by May 6, 2026), that we have to consummate an initial Business Combination, or (ii) such other period in which we must consummate an initial Business Combination pursuant to an amendment to the Amended and Restated Articles and consistent with applicable laws, regulations and stock exchange rules;\n\n \n\n \n•\n \n\n“Companies Act” are to the Companies Act (As Revised) of the Cayman Islands, as may be amended from time to time;\n\n \n\n \n•\n \n\n“Company,” “our,” “we,” or “us” are to Churchill Capital Corp IX, a Cayman Islands exempted company;\n\n \n\n \n•\n \n\n“Compensation Committee” are to the compensation committee of our Board of Directors;\n\n \n\n \n•\n \n\n“Continental” are to Continental Stock Transfer & Trust Company, trustee of our Trust Account and warrant agent of our Warrants (as defined below);\n\n \n\nii\n\n \n•\n \n\n“Deferred Fee” are to the additional fee of $10,062,500 to which the Underwriters (as defined below) are entitled that is payable only upon our completion of the initial Business Combination;\n\n \n\n \n•\n \n\n“Director Agreements” are to the Director Agreement, dated July 30, 2025, which we entered into with each of our independent directors, and pursuant to which we agreed to pay each director a cash compensation of $75,000 per annum;\n\n \n\n \n•\n \n\n“Exchange Act” are to the Securities Exchange Act of 1934, as amended;\n\n \n\n \n•\n \n\n“FASB” are to the Financial Accounting Standards Board;\n\n \n\n \n•\n \n\n“Founder Shares” are to the (i) Class B Ordinary Shares initially purchased by our Sponsor prior to the Initial Public Offering and (ii) Class A Ordinary Shares that will be issued upon the automatic conversion of the Class B Ordinary Shares (x) at the time of our Business Combination as described in the IPO Registration Statement (as defined below) or (y) earlier at the option of the holders thereof, as described in the IPO Registration Statement; for the avoidance of doubt, such Class A Ordinary Shares will not be “Public Shares” (as defined below);\n\n \n\n \n•\n \n\n“GAAP” are to the accounting principles generally accepted in the United States of America;\n\n \n\n \n•\n \n\n“Initial Public Offering” or “IPO” are to the initial public offering that we consummated on May 6, 2024;\n\n \n\n \n•\n \n\n“Investment Company Act” are to the Investment Company Act of 1940, as amended;\n\n \n\n \n•\n \n\n“IPO Promissory Note” are to that certain unsecured promissory note in the principal amount of up to $600,000 issued to our Sponsor on December 18, 2023;\n\n \n\n \n•\n \n\n“IPO Registration Statement” are to the Registration Statement on Form S-1 initially filed with the SEC on March 22, 2024, as amended, and declared effective on May 1, 2024 (File No. 333-278192);\n\n \n\n \n•\n \n\n“JOBS Act” are to the Jumpstart Our Business Startups Act of 2012;\n\n \n\n \n•\n \n\n“Letter Agreement” are to the Letter Agreement, dated May 1, 2024, which we entered into with our Sponsor and our directors and officers;\n\n \n\n \n•\n \n\n“Management” or our “Management Team” are to our executive officers;\n\n \n\n \n•\n \n\n“Merger Sub I” are to AL Merger Sub I, Inc., a Delaware corporation and our direct, wholly-owned subsidiary;\n\n \n\n \n•\n \n\n“Merger Sub II” are to AL Merger Sub II, LLC, a Delaware limited liability company and our direct, wholly-owned subsidiary;\n\n \n\n \n•\n \n\n“Merger Subs” are to Merger Sub I and Merger Sub II, together;\n\n \n\niii\n\n \n•\n \n\n“Nasdaq” are to The Nasdaq Stock Market LLC;\n\n \n\n \n•\n \n\n“Nasdaq 36-Month Requirement” are to the requirement pursuant to the Nasdaq Rules (as defined below) that a SPAC (as defined below) must complete one or more Business Combinations within 36 months following the effectiveness of its initial public offering registration statement;\n\n \n\n \n•\n \n\n“Nasdaq Rules” are to the continued listing rules of Nasdaq, as they exist as of the date of this Report;\n\n \n\n \n•\n \n\n“Option Units” are to the 3,750,000 units that were purchased by the Underwriters pursuant to the full exercise of the Over-Allotment Option (as defined below);\n\n \n\n \n•\n \n\n“Ordinary Shares” are to the Class A Ordinary Shares and the Class B Ordinary Shares, together;\n\n \n\n \n•\n \n\n“Over-Allotment Option” are to the 45-day option that the Underwriters had to purchase up to an additional 3,750,000 Option Units to cover over-allotments, if any, pursuant to the Underwriting Agreement (as defined below), which was fully exercised;\n\n \n\n \n•\n \n\n“Permitted Withdrawals” are to amounts withdrawn from our Trust Account to (i) fund our working capital requirements, subject to an annual limit of $1,000,000, and (ii) pay our taxes, notwithstanding the $1,000,000 annual limitation applicable to working capital withdrawals; all Permitted Withdrawals can only be made from interest and not from the principal held in the Trust Account;\n\n \n\n \n•\n \n\n“PlusAI Business Combination” are to the transactions contemplated by the PlusAI Merger Agreement and the related ancillary documents, collectively;\n\n \n\n \n•\n \n\n“PlusAI” are to Plus Automation, Inc., a Delaware corporation;\n\n \n\n \n•\n \n\n“PlusAI Merger Agreement” are to the Agreement and Plan of Merger and Reorganization, dated June 5, 2025 and as amended by the (x) First PlusAI Merger Agreement Amendment and (y) Second PlusAI Merger Agreement Amendment (as defined below), which we entered into with (i) PlusAI and (ii) the Merger Subs;\n\n \n\n \n•\n \n\n“Private Placement” are to the private placement of Private Placement Units (as defined below) that occurred simultaneously with the closing of our Initial Public Offering, pursuant to the Private Placement Units Purchase Agreement (as defined below);\n\n \n\n \n•\n \n\n“Private Placement Shares” are to the Class A Ordinary Shares included within the Private Placement Units (as defined below) purchased by our Sponsor in the Private Placement;\n\n \n\n \n•\n \n\n“Private Placement Units” are to the units issued to our Sponsor in the Private Placement;\n\n \n\n \n•\n \n\n“Private Placement Units Purchase Agreement” are to the Private Placement Units Purchase Agreement, dated May 1, 2024, which we entered into with our Sponsor;\n\n \n\n \n•\n \n\n“Private Placement Warrants” are to the warrants included within the Private Placement Units purchased by our Sponsor in the Private Placement;\n\n \n\niv\n\n \n•\n \n\n“Public Shareholders” are to the holders of our Public Shares, including our Sponsor and Management Team to the extent our Sponsor and/or the members of our Management Team purchase Public Shares, provided that our Sponsor’s and each member of our Management Team’s status as a “Public Shareholder” will only exist with respect to such Public Shares;\n\n \n\n \n•\n \n\n“Public Shares” are to the Class A Ordinary Shares sold as part of the Public Units (as defined below) in our Initial Public Offering (whether they were purchased in our Initial Public Offering or thereafter in the open market);\n\n \n\n \n•\n \n\n“Public Units” are to the units sold in our Initial Public Offering, which consist of one Public Share and one-quarter of one Public Warrant (as defined below);\n\n \n\n \n•\n \n\n“Public Warrants” are to the redeemable warrants sold as part of the Public Units in our Initial Public Offering (whether they were subscribed for in our Initial Public Offering or purchased in the open market);\n\n \n\n \n•\n \n\n“Redemption Price” are to the pro rata redemption price in any redemption we expect to pay, which was approximately $10.79 per Public Share as of March 31, 2026 (before taxes payable, if any);\n\n \n\n \n•\n \n\n“Registration Rights Agreement” are to the Registration Rights Agreement, dated May 1, 2024, which we entered into with the Sponsor and the other holders party thereto;\n\n \n\n \n•\n \n\n“Report” are to this Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026;\n\n \n\n \n•\n \n\n“Sarbanes-Oxley Act” are to the Sarbanes-Oxley Act of 2002, as amended;\n\n \n\n \n•\n \n\n“SEC” are to the U.S. Securities and Exchange Commission;\n\n \n\n \n•\n \n\n“Securities Act” are to the Securities Act of 1933, as amended;\n\n \n\n \n•\n \n\n“SPAC” are to a special purpose acquisition company;\n\n \n\n \n•\n \n\n“Sponsor” are to Churchill Sponsor IX LLC, a Delaware limited liability company;\n\n \n\n \n•\n \n\n“Trust Account” are to the U.S.-based trust account in which an amount of $287,500,000 from the net proceeds of the sale of the Public Units in the Initial Public Offering and the Private Placement Units in the Private Placement was placed following the closing of the Initial Public Offering;\n\n \n\n \n•\n \n\n“Trust Agreement” are to the Investment Management Trust Agreement, dated May 1, 2024, which we entered into with Continental, as trustee of the Trust Account;\n\n \n\n \n•\n \n\n“Underwriters” are to the several underwriters of the Initial Public Offering;\n\n \n\n \n•\n \n\n“Underwriting Agreement” are to the Underwriting Agreement, dated May 1, 2024, which we entered into with Citigroup Global Markets Inc., as representative of the Underwriters;\n\n \n\n \n•\n \n\n“Units” are to the Private Placement Units and the Public Units, together;\n\n \n\nv\n\n \n•\n \n\n“Warrant Agreements” are to the (i) Public Warrant Agreement, dated May 1, 2024, which we entered into with Continental, as Public Warrant agent and (ii) Private Warrant Agreement, dated May 1, 2024, which we entered into with Continental, as Private Placement Warrant agent, together;\n\n \n\n \n•\n \n\n“Warrants” are to the Private Placement Warrants and the Public Warrants, together;\n\n \n\n \n•\n \n\n“WCL Conversion Units” are the units of our Company that may be issued upon conversion of the total principal amount of the WCL Promissory Note (as defined below) on the date of a Business Combination;\n\n \n\n \n•\n \n\n“WCL Promissory Note” are to the unsecured promissory note we issued to the Sponsor on December 2, 2025 in the aggregate principal amount of up to $1,500,000 for Working Capital Loans (as defined below) the Sponsor may make to us;\n\n \n\n \n•\n \n\n“Withum” are to WithumSmith+Brown, PC, our independent registered public accounting firm; and\n\n \n\n \n•\n \n\n“Working Capital Loans” are to funds that, in order to provide working capital or finance transaction costs in connection with a Business Combination, the Sponsor, or an affiliate of the Sponsor, or certain of our directors and officers may, but are not obligated to, loan us.\n\n \n\nvi\n\nPART I—FINANCIAL INFORMATION"}