Churchill Capital Corp IX/Cayman reports that Fort Baker Capital Management LP (with Fort Baker Capital, LLC as GP and Steven Patrick Pigott as CIO) beneficially owns 1,455,889 Class A ordinary shares, representing 4.9% of the Class A shares. Shares outstanding were 29,475,000 as of February 5, 2026.
The filing states shared voting and shared dispositive power over the reported shares and disclaims group membership and broader beneficial ownership beyond each reporting person’s pecuniary interest.
Positive
None.
Negative
None.
Insights
Large holder disclosure: 1.46M shares, 4.9% of Class A.
Fort Baker Capital Management LP reports beneficial ownership of 1,455,889 shares with shared voting and dispositive power. The filing cites an outstanding share count of 29,475,000 as of Feb 5, 2026, which anchors the 4.9% stake calculation.
Holder structure is standard: an LP investor with a GP and an individual officer named; the signatures show consent by Steven Patrick Pigott. Future filings would show any change in stake or voting arrangement.
Filing clarifies voting/dispositive roles and disclaimers.
The report specifies shared voting and shared dispositive power for the 1,455,889 shares and includes standard disclaimers that the reporting persons are not a group. The signature block shows the CIO signed each report variant.
If ownership or control changes, amendments will be required under applicable rules.
Key Figures
Beneficial ownership:1,455,889 sharesPercent of class:4.9%Shares outstanding:29,475,000 shares
3 metrics
Beneficial ownership1,455,889 sharesAmount beneficially owned by Fort Baker Capital Management LP
Percent of class4.9%Percent of Class A ordinary shares held, per filing
Shares outstanding29,475,000 sharesClass A shares outstanding as of Feb 5, 2026 (source for percent calc)
"Amount beneficially owned: Reference is hereby made to Items 5-9"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared dispositive powerregulatory
"Shared Dispositive Power 1,455,889.00"
Schedule 13G/Aregulatory
"Form Type: SCHEDULE 13G/A"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
What stake does Fort Baker Capital report in CCIX?
Fort Baker reports beneficial ownership of 1,455,889 Class A shares, equal to 4.9%. The percentage is calculated using an outstanding share count of 29,475,000 as of February 5, 2026, as cited in the filing.
Who are the reporting persons on the Schedule 13G/A for CCIX?
The filing lists Fort Baker Capital Management LP, Fort Baker Capital, LLC, and Steven Patrick Pigott. Fort Baker Capital, LLC serves as General Partner and Pigott is identified as Chief Investment Officer and a signing reporting person.
What voting and dispositive powers are reported for the 1,455,889 shares?
The filing states shared voting power of 1,455,889 shares and shared dispositive power of 1,455,889 shares. Sole voting and sole dispositive power are reported as zero for each reporting person.
How was the 4.9% ownership percentage calculated?
The percentage uses the issuer's reported shares outstanding of 29,475,000 as of February 5, 2026. The filing states the percentage was derived from the issuer's Form 10-K filed on February 5, 2026, which provided that outstanding share count.
Do the reporting persons claim to be part of a group?
No — each reporting person disclaims membership in a group. The filing also contains standard disclaimers limiting beneficial ownership to each person’s pecuniary interest in the reported shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
Churchill Capital Corp IX/Cayman
(Name of Issuer)
Class A Ordinary Shares, par value $0.0001 per share
(Title of Class of Securities)
G21301109
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G21301109
1
Names of Reporting Persons
Fort Baker Capital Management LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,455,889.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,455,889.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,455,889.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.9 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
G21301109
1
Names of Reporting Persons
Steven Patrick Pigott
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,455,889.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,455,889.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,455,889.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.9 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP Number(s):
G21301109
1
Names of Reporting Persons
Fort Baker Capital, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,455,889.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,455,889.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,455,889.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.9 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Churchill Capital Corp IX/Cayman
(b)
Address of issuer's principal executive offices:
640 FIFTH AVENUE, 14TH FLOOR, NEW YORK, NEW YORK, 10019.
Item 2.
(a)
Name of person filing:
Fort Baker Capital Management LP
Steven Patrick Pigott
Fort Baker Capital, LLC
(b)
Address or principal business office or, if none, residence:
The principal business address of each reporting person is 700 Larkspur Landing Circle, Suite 275, Larkspur, CA 94939.
(c)
Citizenship:
Fort Baker Capital Management LP: Delaware Limited Partnership
Steven Patrick Pigott: Citizen of the United States
Fort Baker Capital, LLC: Delaware Limited Liability Company
(d)
Title of class of securities:
Class A Ordinary Shares, par value $0.0001 per share
(e)
CUSIP No.:
G21301109
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Reference is hereby made to Items 5-9 of this Schedule, which Items are incorporated by reference herein.
Fort Baker Capital Management LP directly holds 1,455,889 Class A ordinary shares. Steven Patrick Pigott acts as Limited Partner/Chief Investment Officer for Fort Baker Capital Management LP. Fort Baker Capital, LLC acts as General Partner for Fort Baker Capital Management LP.
The Reporting Persons are filing this Schedule 13G jointly, but not as members of a group, and each disclaims membership in a group. Each also disclaims beneficial ownership of the securities reported herein except to the extent of that person's pecuniary interest therein.
The calculation of percentage of beneficial ownership in Item 11 was derived from the Issuer's annual report on Form 10-K filed with the Securities and Exchange Commission on February 5, 2026, in which the Issuer stated that the number of Class A ordinary shares outstanding was 29,475,000 as of February 5, 2026.
(b)
Percent of class:
Fort Baker Capital Management LP: 4.9%
Steven Patrick Pigott: 4.9%
Fort Baker Capital, LLC: 4.9%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Fort Baker Capital Management LP: 0
Steven Patrick Pigott: 0
Fort Baker Capital, LLC: 0
(ii) Shared power to vote or to direct the vote:
Fort Baker Capital Management LP: 1,455,889
Steven Patrick Pigott: 1,455,889
Fort Baker Capital, LLC: 1,455,889
(iii) Sole power to dispose or to direct the disposition of:
Fort Baker Capital Management LP: 0
Steven Patrick Pigott: 0
Fort Baker Capital, LLC: 0
(iv) Shared power to dispose or to direct the disposition of:
Fort Baker Capital Management LP: 1,455,889
Steven Patrick Pigott: 1,455,889
Fort Baker Capital, LLC: 1,455,889
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
