Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 111

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 111
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 or actions will be obtained.

Risk Factors

In evaluating the proposals to be presented at the extraordinary general meeting, you should carefully read this proxy statement/prospectus and especially consider the factors discussed in the section entitled “Risk Factors.” These risks include, but are not limited to the following:

Autonomous driving technology is an emerging technology, and we face significant technical challenges to commercialize our technology.

We have incurred net losses since our inception, and we expect to incur significant expenses and continuing losses for the foreseeable future.

Our limited operating history makes it difficult to evaluate our future prospects and the risks and challenges we may encounter.

Our technology may be lesser performing or developing and commercializing and scaling our technology may take us longer to complete than we currently anticipate.

We operate in an intensely competitive market and some market participants have substantially greater resources.

We expect to rely on a limited number of customers for a significant portion of our future revenue.

It is possible that our model does not materialize as expected, in particular as a result of our software-focused business model.

Deployment and commercialization may be delayed due to delays in our anticipated timeline for completion and validation of acceptable safety testing and measures for our technology and the development of plans for ensuring acceptable driver-out safety, delays in the production, reliability or revision of truck and computer hardware required for our technology from our partners or suppliers.

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Our OEM partners and their customers, or the industry more generally, may delay, scale back or deprioritize the necessary investment required for the adoption of our technology or autonomous technology generally.

We are highly dependent on the services of our senior management team and, specifically, our Co-Founders.

Our technology may not function as intended due to flaws or errors in our software, hardware, systems or processes, product defects, or human error in administering these systems or processes.

We are subject to evolving and uncertain regulations, including those governing motor carriers and autonomous vehicles, and unfavorable changes to these regulations or any failure by us to comply with these regulations may adversely affect us.

We may be subject to product liability that could result in significant direct or indirect costs, which could materially and adversely affect our business, financial condition and results of operations.

We identified material weaknesses in our internal control over financial reporting in connection with the preparation and audit of our financial statements for the five months ended December 31, 2023, the year ended December 31, 2024 and the six months ended June 30, 3025, and we may identify additional material weaknesses