Ogier advises Churchill Capital Corp IX on US$287.5 million SPAC IPO

Ogier has acted as Cayman Islands counsel to Churchill Capital Corp IX, a new special purpose acquisition company (SPAC), on its initial public offering. The company raised a total of US$287.5 million and its units now trade on the Nasdaq Global Market.

The Cayman team was led by partner Bradley Kruger, working with managing associate Tom McLaughlin and associate Thomas Sims.

Bradley said: "We were delighted to advise the Churchill team on this IPO. This transaction reinforces Ogier's commitment to client success in a reviving SPAC market, and underscores our strong track record in advising on the full SPAC life cycle."

Ogier regularly acts as Cayman Islands counsel to companies listing on US stock exchanges and also advises on de-SPAC business combination transactions. The firm advised on more than US$7 billion of SPAC listings and de-SPACs in 2023.