CCIX.NASDAQChurchill Capital CORP Ix/cayman

SCHEDULE 13G/A: Fort Baker Capital Management Discloses 7.8% Stake in Churchill Capital Corp IX

Sentiment:

Beneficial Ownership Disclosure

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Fort Baker Capital Management LP, along with Steven Patrick Pigott and Fort Baker Capital, LLC, has disclosed a beneficial ownership of 7.8% in Churchill Capital Corp IX's Class A ordinary shares.

Summary

  • Fort Baker Capital Management LP, Steven Patrick Pigott, and Fort Baker Capital, LLC collectively reported beneficial ownership of 2,311,949 Class A ordinary shares of Churchill Capital Corp IX.
  • This ownership represents 7.8% of the Class A ordinary shares outstanding.
  • The reporting persons have shared voting power and shared dispositive power over all 2,311,949 shares.
  • The percentage of beneficial ownership was calculated based on 29,475,000 Class A Ordinary Shares outstanding as of March 31, 2025, as reported by Churchill Capital Corp IX in its Form 10-Q filed on May 13, 2025.
  • The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing no explicit positive or negative sentiment regarding the issuer's performance or outlook.

Risks

  • The filing explicitly states that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, mitigating potential risks associated with activist investor intentions.

Future Outlook

The document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance regarding the issuer's future outlook.

Industry Context

This filing is a specific disclosure of an investment firm's stake in a single company and does not provide broader industry trends or competitive analysis.

Stakeholder Impact

  • Shareholders: The disclosure of a significant institutional stake (7.8%) by Fort Baker Capital Management may be viewed by shareholders as a sign of increased institutional interest or confidence in Churchill Capital Corp IX, although the filing explicitly states the shares are not held for control purposes.

Key Dates

DateDescription
03/31/2025Date of event which requires the filing of this statement.
05/13/2025Date Churchill Capital Corp IX filed its Form 10-Q, which stated the number of Class A Ordinary Shares outstanding used for percentage calculation.
05/15/2025Date of filing of this Schedule 13G Amendment No. 1 and the Joint Filing Agreement.

Keywords

Churchill Capital Corp IX, Fort Baker Capital Management, Steven Patrick Pigott, Schedule 13G, beneficial ownership, Class A ordinary shares, institutional ownership, investment adviser

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