Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 547

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 547
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 $0.0001 per share at a Redemption Price of $10.59 per share under the Maximum Redemption Scenario, such that the Net Tangible Assets of the Post-Closing Company are at least $5.0 million. This adjustment impacts the Post-Closing Company common stock (par value of $0.0001 per share) of $3 thousand and the remainder of $274.9 million recorded to the reduction of additional paid-in-capital to reflect the estimated redemptions under this scenario.

Reflects the reclassification of par value from CCIX shares and PlusAI common stock classified under stockholders’ equity into the Post-Closing Company common stock under all redemption scenarios. The par value of the Post-Closing Company common stock will be $0.0001 per share, which is consistent with historical CCIX shares and PlusAI common stock par value.

Reflects the recognition of unrecognized stock-based compensation of $21.2 million related to PlusAI RSUs with service and performance conditions that vest upon closing of the business combination under each of the redemption scenarios.

Reflects the elimination of CCIX’s historical accumulated deficit of $24.6 million under each of the redemption scenarios.

The unaudited pro forma condensed combined statement of operations for the nine months ended September 30, 2025 includes the following Transaction Accounting Adjustments related to the business combination and Transactions:

Reflects the elimination of investment income related to the investments held in the Trust Account under the redemption scenarios.

Reflects the elimination of remeasurement losses on PlusAI SAFEs under each of the redemption scenarios.

Reflects the recognition of stock-based compensation during the nine months ended September 30, 2025 related to PlusAI RSUs with service and performance conditions that vest upon closing of the business combination under each of the redemption scenarios.

Reflects the elimination of remeasurement losses on PlusAI warrants under each of the redemption scenarios.

Reflects the elimination of accretion on PlusAI preferred stock under each of the redemption scenarios.

Reflects the calculation of weighted average shares outstanding for basic and diluted net loss per share and assumes that the business combination had occurred on January 1, 2024, and the calculation of weighted average shares outstanding for basic and diluted net loss per share assumes that the shares have been outstanding for the entire period presented (refer to Note 5).

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The unaudited pro forma condensed combined statement of operations for the year ended December 31, 2024 includes the following Transaction Accounting Adjustments