Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 401

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 401
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FOR” THE APPROVAL OF THE INCENTIVE PLAN PROPOSAL.

When you consider the CCIX Board’s recommendation of these proposals, you should keep in mind that our directors and officers, as well as the Sponsor, have interests in the Transactions that are different from, or in addition to, the interests of CCIX shareholders generally. Please see the section entitled “Proposal No. 1 — The Business Combination Proposal — Interests of Certain CCIX Persons in the Business Combination” for additional information.

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PROPOSAL NO.7 – THE ESPP PROPOSAL</div>

Overview

Assuming each of the condition precedent proposals is approved, CCIX is asking its shareholders to approve the Post-Closing Company’s employee stock purchase plan, referred to as the PlusAI Holdings, Inc. 2025 Employee Stock Purchase Plan, or the ESPP, and the material terms thereunder. The ESPP will be adopted by the CCIX Board and also will be approved by the PlusAI Board, in each case, prior to the date of the special meeting and subject to CCIX shareholder approval at the special meeting. The ESPP will become effective as of the latest to occur of (1) the date of its initial adoption by the CCIX Board, (2) the date of its initial approval by the CCIX shareholders, and (3) the Effective Time, assuming approval of this proposal by the CCIX shareholders, but the first offering period will commence at a later date determined by the administrator of the ESPP. The ESPP, if approved by the CCIX shareholders, will provide eligible employees an opportunity to purchase Post-Closing Company Class A common stock at a discount through accumulated contributions of their earned compensation. Both the CCIX Board and PlusAI Board have determined that offering an employee stock purchase plan may be important to the ability of the Post-Closing Company to compete for talent in the future. If CCIX shareholders do not approve the ESPP, the Post-Closing Company may not be able to offer competitive compensation to existing employees and qualified candidates, which could prevent the Post-Closing Company from successfully attracting and retaining highly skilled employees. If the CCIX shareholders do not approve the ESPP, the ESPP will not become effective and no CCIX Class A Ordinary Shares will become available for issuance thereunder.

The ESPP’s initial share reserve which CCIX shareholders are being asked to approve is shares of Post-Closing Company Class A common stock, with an automatic annual increase as described further below.