Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 139

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 139
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 terms and conditions of such financing unattractive or unavailable to us. If we are unable to raise sufficient funds, we could have to significantly reduce our spending, delay or cancel our planned development activities, or substantially modify our business plan, which could have an adverse impact on our business and financial prospects.

Our budget for capital expenditures and expenses may exceed our expectations or there may be significant redemptions in connection with the business combination, in which cases we may need to raise capital sooner or change our operating plans and timelines.

We are spending significant amounts to develop our virtual driver software. Our actual cash expenses may differ materially from estimates. We expect to continue to incur operating and net losses each quarter until at least the time we begin commercial deployment of our virtual driver software at scale, which could take longer than we expect, or may not occur at all. Our operations may also prove more expensive than we anticipate or may generate lower revenue than we expect, either of which would increase our cash needs and losses. For example, our estimates and assumptions regarding our future expenses and working capital, including future sales, marketing, general and administrative expenses, research and development expenses and expected capital expenditures both before first commercial deployment of our technology and long-term, may be incorrect and actual expenses and working capital may exceed such estimates. If our cash expenditures are higher than expected, we may need to raise capital sooner than expected or change our business plans and timelines. In particular, the terms of capital available to us as a development-stage company may be less favorable than if we were to raise additional capital following successful deployment of our virtual driver software. There can be no assurance that we will be able to raise additional capital on acceptable terms or at all.

In addition, if there are significant redemptions in connection with the proposed business combination, we may need to make significant adjustments to our business plan and timelines and will need to seek additional capital. Depending on our available capital resources, we may need to delay or discontinue expected near-term expenditures, which could materially impact our business prospects, financial condition, results of operations and cash flows by limiting our ability to pursue some of our other strategic objectives and/or reducing the resources and third-party contracts available to further develop our design, sales, and manufacturing efforts.

We may experience difficulties in managing our growth and expanding our operations.

As we approach commercial deployment of our virtual driver software, we expect to experience significant growth in the scope and nature of our operations and, accordingly, we expect our expenses to increase as we grow. Our ability to manage our operations and