Churchill Capital Corp IX/Cayman’s Lock-Up Period To End on October 29th (NASDAQ:CCIXU)

Churchill Capital Corp IX/Cayman’s (NASDAQ:CCIXU) lock-up period is set to end on Tuesday, October 29th. Churchill Capital Corp IX/Cayman had issued 25,000,000 shares in its initial public offering on May 2nd. The total size of the offering was $250,000,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Churchill Capital Corp IX/Cayman Price Performance

NASDAQ:CCIXU opened at $10.24 on Friday. Churchill Capital Corp IX/Cayman has a 12-month low of $10.05 and a 12-month high of $10.45. The firm’s 50 day moving average is $10.13.

Institutional Trading of Churchill Capital Corp IX/Cayman

Hedge funds have recently added to or reduced their stakes in the business. CVI Holdings LLC bought a new stake in Churchill Capital Corp IX/Cayman during the 2nd quarter valued at $494,000. Driehaus Capital Management LLC bought a new stake in Churchill Capital Corp IX/Cayman during the 2nd quarter valued at $506,000. Levin Capital Strategies L.P. bought a new stake in Churchill Capital Corp IX/Cayman during the 2nd quarter valued at $556,000. Gabelli Funds LLC bought a new stake in Churchill Capital Corp IX/Cayman during the 2nd quarter valued at $598,000. Finally, Clear Street LLC bought a new stake in Churchill Capital Corp IX/Cayman during the 2nd quarter valued at $698,000.

Churchill Capital Corp IX/Cayman Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.