Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 94

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 94
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 “review” the Resale Registration Statement) after the Closing Date. In certain circumstances, the Reg Rights Holders may demand in the aggregate up to three underwritten offerings and will be entitled to customary piggyback registration rights. Pursuant to the Registration Rights Agreement, the New Holders have agreed not to transfer their respective shares for a period of 360 days following the Closing Date; however, such transfer restrictions terminate as to (1) 50% of such holder’s shares upon the earlier of 180 days after the Closing and the date on which the VWAP of the Post-Closing Class A Common Stock equals or exceeds $12.00 per share during any 15 trading days within any 180 consecutive trading day period following the Closing, and (2) 50% of such holder’s shares upon the earlier of 360 days after the Closing and the date on which the VWAP of the Post-Closing Class A Common Stock equals or exceeds $14.00 per share during any 15 trading days within any 360 consecutive trading day period following the Closing, subject to certain exceptions to the termination of transfer restrictions with respect to Earnout Shares and at least 90% of the shares held directly or indirectly by Messrs. Liu and Zheng. Similar transfer restrictions will apply to the shares of Post-Closing Company common stock issued to former securityholders of PlusAI in connection with the Merger pursuant to the Proposed Bylaws in effect following the Domestication and the Closing.

PlusAI Voting and Support Agreements

In connection with the Merger Agreement, CCIX, PlusAI and certain PlusAI stockholders entered into the PlusAI Voting and Support Agreements. The following is a summary of the material provisions of the PlusAI Voting and Support Agreements and is qualified by reference to the complete text of the PlusAI Voting and Support Agreements, a form of which is attached as an exhibit to the registration statement of which this proxy statement/prospectus is a part.

Pursuant to the PlusAI Voting and Support Agreements, the PlusAI stockholders party thereto, whose ownership interests as of the date hereof collectively represent 94% of the voting power of the outstanding capital stock of PlusAI (voting together as a single class, and, with respect to the PlusAI preferred stock, on an as-converted to PlusAI Class A common stock basis) and 69% of the voting power of the outstanding PlusAI preferred stock (voting together as a single class on an as-converted to PlusAI