Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 597

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 597
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 subsidiary of a Cayman Islands holding company, which is itself a subsidiary of PlusAI. All prior shares of PlusAI Corp, other than the shares cancelled or repurchased as noted above, became shares of Plus Automation as a result of the Restructuring. As of September 30, 2025, FTA held 20.4% of PlusAI’s outstanding shares (on an as-converted to common stock basis) and 1.2% of the voting power of PlusAI’s outstanding shares (voting together on an as-converted to common stock basis). FTA has agreed to receive shares of PlusAI with fractional voting power. As a result of the Restructuring, FTA does not hold a controlling interest in PlusAI.

For additional discussion of the Restructuring, please see the section titled “PlusAI’s Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained elsewhere in this proxy statement/prospectus.

Company Support Agreement

In connection with the entrance into of the Merger Agreement, the PlusAI Support Parties entered into the PlusAI Voting and Support Agreements with PlusAI and CCIX. Among the parties to the PlusAI Voting and Support Agreements are: (1) Hao Zheng, a director on the PlusAI Board and holder of more than 5% of the outstanding capital stock of PlusAI, who is expected to hold more than 5% of the outstanding capital stock of the Post-Closing Company upon the Closing; (2) Sigma Point Investment LLC, which is affiliated with Mr. Zheng and holds more than 5% of the outstanding capital stock of PlusAI and is expected to hold more than 5% of the outstanding capital stock of the Post-Closing Company upon the Closing; (3) David Liu, a director on the PlusAI Board and the Chief Executive Officer of PlusAI and holder of more than 5% of the outstanding capital stock of PlusAI, who is expected to hold more than 5% of the outstanding capital stock of the Post-Closing Company upon the Closing; (4) Euclidean Investment LLC, which is affiliated with Mr. Liu and holds more than 5% of the outstanding capital stock of PlusAI and is expected to hold more than 5% of the outstanding capital stock of the Post-Closing Company upon the Closing; and (5) GSR Ventures, which is affiliated with Richard Lim, a director on the PlusAI Board and holds more than 5% of the outstanding capital stock of PlusAI and