TTEN·K/calls
Pinned
  • The Brief
  • Congress
  • Screener
  • Markets
  • The Brief
  • Signal Confluence
  • The Flip Side
  • Markets
  • Calendar
  • Coverage
  • Screener
  • Discover
  • Smart Money
  • Congress
  • Insiders
  • IPOs
  • ETF Holdings
  • 13F Funds
  • Events
  • Filings
  • News
  • Trending
  • Groups
  • Data catalog
  • Research
  • Education
  • Options Plays
  • Options Calculator
  • Leaderboards
  • Compare
  • Portfolio
  • Strategies
  • Track
  • Pricing
  • API
  • Newsletter
  • Follow the calls
  • Feedback
  • Account
Go ProUpgrade →
TTEN·K/calls

SEC-grounded equity research — opinionated calls reasoned over real filings.

Telegram ↗X ↗Bluesky ↗Follow the calls →

Get the Brief in your inbox

A daily, SEC-grounded read on the market — movers, earnings, and our boldest calls. Free.

MethodologyDisclosuresTermsPrivacy

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission. TENK/calls is an independent service and is not affiliated with, endorsed by, or approved by the U.S. Securities and Exchange Commission.

← New search
Home›Coverage›CCIX
On this page
OverviewFinancialsValuationQualitySmart moneyTimelineFilings
CCIX logo

CCIXChurchill Capital Corp IX/Cayman

Next earnings ≈ Aug 14, 2026 · est. from filing cadence

Hold
$10.87
▼ -0.09%
Rating
Hold
Quality
D
Valuation
Fair value
Filings
Flagged
How to read this →
HoldConservative balance sheet (liabilities/equity -1.02x).Liabilities / equity -1.02xFull call ↓
$10.87▲ +3.13%
over 1Y
L $10.48H $10.94
Our buy Our hold Our sell Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today
-0.1%
1W
-0.3%
1M
+0.6%
3M
+0.9%
YTD
+2.5%
1Y
+3.1%
OverviewFinancialsValuationQualitySmart moneyTimelineFilings
Hold
Conviction
Horizon
Medium (3–12mo)

Conservative balance sheet (liabilities/equity -1.02x).

Liabilities / equity -1.02x · latest

This call stands until the filings change it — the engine re-rates on new 10-K/10-Q/8-K facts, never on price moves. Hit Watch above to follow CCIX (Pro alerts fire the moment a rating flips), or catch every change in Saturday’s Flip Side. How to read a call

Churchill Capital Corp IX/Cayman shows limited reported revenue.

Supporting the case: conservative balance sheet (liabilities/equity -1.02x).

Is CCIX a buy? The one-page verdict, explained →

The options angle

model · matches our verdict
Covered call~65d expiry
  • Long 100 shares @ ~10.87
  • Short call 11.5 @ ~0.00 est
debit $1,087max +$63max −$1,086BE 10.87

HOLD means own it, don't chase it — harvesting premium against the position matches the verdict.

Open in the calculator →
Browse all model plays →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Financialsannual, by fiscal year

Line itemFY24FY25
Revenue——
Gross profit——
Operating income-$831K-$3.94M
Net income$8.79M$8.56M
Diluted EPS——
Net margin——

10-year statements — income, cash flow, balance sheet & CSV export →

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$399M
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield2.1%
FCF yield—

Quality & risk

ROIC (est.)—
Free cash flow—
Total debt—
Net cash$0.00

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timelineSEC · 8-Ks + reports

Red flag in recent filings — agreement terminated (2026-04-21). Worth a closer look.
  1. 8-K Other event2026-07-15
  2. 10-Q Quarterly report2026-05-15
  3. 8-K Agreement terminated2026-04-21
  4. 8-K Reg FD disclosure2026-02-09
  5. 10-K Annual report2026-02-05
  6. 8-K Reg FD disclosure2026-01-27
  7. 8-K Other event2026-01-26
  8. 8-K Shareholder vote2025-12-19
  9. DEF 14A Proxy statement2025-11-24

Recent filings

all on EDGAR ↗
8-KPeriod ending 2026-07-142026-07-15open ↗10-QPeriod ending 2026-03-312026-05-15open ↗SCHEDULE 13G/AFiling2026-05-15open ↗SCHEDULE 13G/AFiling2026-05-11open ↗SCHEDULE 13GFiling2026-05-07open ↗RWFiling2026-04-22open ↗8-KPeriod ending 2026-04-202026-04-21open ↗425Filing2026-04-08open ↗425Filing2026-04-08open ↗425Filing2026-04-07open ↗424B3Filing2026-04-03open ↗EFFECTFiling2026-04-02open ↗

Quality score

D
ValueGrowthProfitHealthMom.
Value—
GrowthF
Profitability—
Financial healthF
MomentumB+
  • ✓Profitable (positive net income)
  • ✓Liabilities below 2× equity
10.4852-week10.94
Revenue
—
Net margin
—
ROE
—
P/E
—

SEC fundamentals · FY 2025

'24'25

■ revenue · ■ net income, by fiscal year

Net income$8.56M-2.7%
Operating income-$3.94M-374.0%
Cash & equivalents$0.00
Total assets$308M+2.9%
Total liabilities$10.2M+1.0%
Stockholders' equity-$10.1M-41.2%
L/E: -1.02x

Frequently asked

Is Churchill Capital Corp IX/Cayman (CCIX) a buy?
CCIX currently carries a Hold rating with 2/5 conviction, derived from its latest SEC filings. Conservative balance sheet (liabilities/equity -1.02x).
What is Churchill Capital Corp IX/Cayman's quality score?
CCIX scores 47.67585542121984/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

New filings change verdicts

The daily Brief delivers our freshest calls, rating flips and the filings behind them — every morning, free.

Sources: SEC EDGAR (CIK 0002006291, latest 10-Q filed 2026-05-15) · EODHD · as of 7/15/2026, 8:10:39 PM.

›About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 15, 2026, 4:10 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Intraday
NVDA$211.06▼0.35%AAPL$326.66▲3.75%GOOGL$370.19▲2.97%GOOG$368.73▲3.19%MSFT$395.62▲2.78%AMZN$253.98▲2.62%TSM$419.11▼0.31%AVGO$393.95▲1.24%SPCX$135.24▼0.62%META$676.34▲2.31%TSLA$394.72▼0.37%MU$904.70▼7.98%BRK-A$733,730.68▼0.44%BRK-B$488.78▼0.47%LLY$1,155.81▲0.28%JPM$347.33▲1.29%WMT$112.50▼1.06%AMD$528.51▼3.58%ASML$1,795.01▲1.09%V$356.77▲0.21%JNJ$248.10▼2.27%XOM$144.36▼0.50%INTC$102.08▼5.27%MA$535.98▼0.38%AMAT$576.89▼3.16%CSCO$111.70▼4.60%LRCX$332.51▼3.93%ABBV$244.39▼0.16%CAT$912.84▼2.20%BAC$61.44▲1.34%
NVDA$211.06▼0.35%AAPL$326.66▲3.75%GOOGL$370.19▲2.97%GOOG$368.73▲3.19%MSFT$395.62▲2.78%AMZN$253.98▲2.62%TSM$419.11▼0.31%AVGO$393.95▲1.24%SPCX$135.24▼0.62%META$676.34▲2.31%TSLA$394.72▼0.37%MU$904.70▼7.98%BRK-A$733,730.68▼0.44%BRK-B$488.78▼0.47%LLY$1,155.81▲0.28%JPM$347.33▲1.29%WMT$112.50▼1.06%AMD$528.51▼3.58%ASML$1,795.01▲1.09%V$356.77▲0.21%JNJ$248.10▼2.27%XOM$144.36▼0.50%INTC$102.08▼5.27%MA$535.98▼0.38%AMAT$576.89▼3.16%CSCO$111.70▼4.60%LRCX$332.51▼3.93%ABBV$244.39▼0.16%CAT$912.84▼2.20%BAC$61.44▲1.34%
Intraday
NVDA$211.06▼0.35%AAPL$326.66▲3.75%GOOGL$370.19▲2.97%GOOG$368.73▲3.19%MSFT$395.62▲2.78%AMZN$253.98▲2.62%TSM$419.11▼0.31%AVGO$393.95▲1.24%SPCX$135.24▼0.62%META$676.34▲2.31%TSLA$394.72▼0.37%MU$904.70▼7.98%BRK-A$733,730.68▼0.44%BRK-B$488.78▼0.47%LLY$1,155.81▲0.28%JPM$347.33▲1.29%WMT$112.50▼1.06%AMD$528.51▼3.58%ASML$1,795.01▲1.09%V$356.77▲0.21%JNJ$248.10▼2.27%XOM$144.36▼0.50%INTC$102.08▼5.27%MA$535.98▼0.38%AMAT$576.89▼3.16%CSCO$111.70▼4.60%LRCX$332.51▼3.93%ABBV$244.39▼0.16%CAT$912.84▼2.20%BAC$61.44▲1.34%
NVDA$211.06▼0.35%AAPL$326.66▲3.75%GOOGL$370.19▲2.97%GOOG$368.73▲3.19%MSFT$395.62▲2.78%AMZN$253.98▲2.62%TSM$419.11▼0.31%AVGO$393.95▲1.24%SPCX$135.24▼0.62%META$676.34▲2.31%TSLA$394.72▼0.37%MU$904.70▼7.98%BRK-A$733,730.68▼0.44%BRK-B$488.78▼0.47%LLY$1,155.81▲0.28%JPM$347.33▲1.29%WMT$112.50▼1.06%AMD$528.51▼3.58%ASML$1,795.01▲1.09%V$356.77▲0.21%JNJ$248.10▼2.27%XOM$144.36▼0.50%INTC$102.08▼5.27%MA$535.98▼0.38%AMAT$576.89▼3.16%CSCO$111.70▼4.60%LRCX$332.51▼3.93%ABBV$244.39▼0.16%CAT$912.84▼2.20%BAC$61.44▲1.34%
Smart money○○○→

Smart moneyinsiders · Congress · funds

○○○

Disclosed smart-money activity in CCIX, but no clear buy consensus.

—
Corporate insiders
No recent Form 4 activity
Form 4
—
Congress
No disclosed trades
STOCK Act · ~45d lag
—
Institutions
1 tracked fund hold · $4.27M
13F · quarterly

Different disclosure clocks — Form 4s file within days, Congress PTRs lag up to ~45 days, and 13F holdings are a quarterly snapshot (up to ~4.5 months old). A disclosed-accumulation view, not live correlation.

Insider activityForm 4 · SEC

all insiders →
2024-05-06
Klein Michael Stuart
See Remarks
Buy
725K @ $10.00$7.25M

Held by tracked fundsForm 13F · SEC · quarterly

Sculptor Capital400K sh$4.27M

As of each fund’s latest quarterly 13F — a delayed snapshot, not a live position. All tracked funds →

Ownership stakes

SEC · 13D / 13G
2026-05-11Passive 13G2.9%AmendedGOLDMAN SACHS GROUP INCFiling ↗
2026-05-07Passive 13GBERKLEY W R CORPFiling ↗
2025-11-14Passive 13G9.6%AmendedFort Baker Capital Management LPFiling ↗
2025-10-16Passive 13G5.9%TENOR CAPITAL MANAGEMENT Co., L.P.Filing ↗
2025-09-22Activist 13D21.6%AmendedChurchill Sponsor IX LLCFiling ↗
2025-08-14Passive 13G7.0%GOLDMAN SACHS GROUP INCFiling ↗
2025-08-12Passive 13G4.2%AmendedBARCLAYS PLCFiling ↗
2025-08-08Passive 13G6.7%AmendedMagnetar Financial LLCFiling ↗
2025-06-10Activist 13D21.6%AmendedChurchill Sponsor IX LLCFiling ↗
2025-03-21Passive 13G6.3%AmendedBARCLAYS PLCFiling ↗

Schedule 13D/13G filings disclosing a >5% stake in the company. A 13D declares intent to engage — read the filing; a 13G is a passive holding. Percent is the percent-of-class stated on the cover page. Source: SEC EDGAR (public domain).

Deal activity

SEC · merger filings
2026-04-08Merger communicationFiling ↗
2026-04-08Merger communicationFiling ↗
2026-04-07Merger communicationFiling ↗
2026-02-09Merger communicationFiling ↗
2026-01-28Merger communicationFiling ↗
2026-01-27Merger communicationFiling ↗
2026-01-27Merger communicationFiling ↗
2026-01-26Merger communicationFiling ↗
2026-01-15Merger communicationFiling ↗
2026-01-13Merger communicationFiling ↗

Registration, merger-proxy and tender-offer activity from SEC filings (S-4, DEFM14A/PREM14A, SC 14D9, SC TO-I/TO-T, 425) — read the filing; not all S-4s are takeovers (they also cover exchange offers and debt swaps). Role reflects the form’s semantics; a merger proxy and merger communications don’t name a side. Source: SEC EDGAR (public domain).

Fails-to-deliver

SEC · settled 2026-06-30
22.6Kshares failed to deliverSpike · 163.4× median

CCIX fails-to-deliver history — every published settlement day →

Aggregate CNS settlement fails on the latest published day, vs this name’s trailing median. From SEC fails-to-deliver data (published twice monthly) — a settlement metric, not short interest.

Filing red flags

SEC · 8-K / 10-K / 10-Q
2026-05-15Going-concern language10-QFiling ↗
2026-02-05Going-concern language10-KFiling ↗
2025-11-12Going-concern language10-QFiling ↗
2025-08-13Going-concern language10-QFiling ↗

Auditor changes (8-K Item 4.01) and restatements (Item 4.02) are verified against the filing’s tagged items; going-concern flags key on the “substantial doubt” disclosure phrase in a 10-K/10-Q — review the filing itself. Source: SEC EDGAR (public domain).

Recent news

market news →
Churchill Capital Corp IX Announces its Intention to LiquidateBullish
globenewswire.com· 2026-07-14
PlusAI terminates SPAC deal with Churchill Capital IXBullish
finance.yahoo.com· 2026-04-23
PlusAI to Host Business Update Call on April 7th, 2026Bullish
finance.yahoo.com· 2026-04-06
PlusAI and TRATON GROUP Expand Global Partnership to Accelerate Autonomous On-Highway Truck CommercializationBullish
finance.yahoo.com· 2026-01-26
PlusAI clears SEC hurdle for SPAC merger, eyes February debutBullish
finance.yahoo.com· 2026-01-23
T2 and PlusAI Team Up to Accelerate the Deployment of Level 4 Autonomous Trucks in JapanBullish
finance.yahoo.com· 2026-01-14

Vs tracked universe

compare →

1178 tracked peers · median

TENK Score48 vs 67
Revenue growth— vs 7.6%
Net margin— vs 10.0%
Return on equity— vs 12.0%
P/E— vs 26.4