Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 36

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 36
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, the price per share of Post-Closing Company Class A common stock implied by such transaction (as determined in good faith by the board of directors of the Post-Closing Company) is greater than or equal to $14.00.

“Earnout Triggering Event III” are to the earliest of the following to occur during the Earnout Period: (1) the date on which the closing VWAP of one share of Post-Closing Company Class A common stock is greater than or equal to $16.00 per share for 15 trading days within any 180 consecutive trading day period or (2) a Change in Control of the Post-Closing Company pursuant to which stockholders of Post-Closing Company Class A common stock have the right to receive consideration implying a price per share greater than or equal to $16.00 or, in the case of a Change in Control where the holders of Post-Closing Company Class A common stock do not receive consideration, the price per share of Post-Closing Company Class A common stock implied by such transaction (as determined in good faith by the board of directors of the Post-Closing Company) is greater than or equal to $16.00.

“Earnout Triggering Events” are to Earnout Triggering Event I, Earnout Triggering Event II and Earnout Triggering Event III, collectively.

“Effective Time”are to the date and time that the merger of Merger Sub I with and into PlusAI becomes effective pursuant to the terms of the Merger Agreement.

“Eligible PlusAI Equityholder” are to all persons that hold one or more shares of PlusAI common stock as of immediately prior to the Effective Time (after giving effect to the Conversion).

“Equity Value” are to the sum of (1) $1,200,000,000 plus (2) the amount of any net proceeds raised by PlusAI prior to the consummation of the Transactions through a Permitted Equity Financing minus (3) the amount, if any, by which the aggregate PlusAI transaction expenses exceeds $12,000,000.

“ESPP” are to the proposed PlusAI Holdings, Inc. 2025 Employee Stock Purchase Plan, a copy of which is attached to this proxy statement/prospectus as Annex E.

“Exchange Act” are to the Securities Exchange Act of 1934, as amended.

“Exchange Ratio” are to the quotient, rounded to the nearest thousandth (0.001), obtained by dividing (1) the Per Share Equity Value by (