Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 488

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 488
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 be converted into shares of Post-Closing Company Class A common stock, and the number of shares will be adjusted to reflect the Exchange Ratio. Our principal uses of cash include financing of our ongoing research and development and administrative activities.

If sufficient funds on acceptable terms are not available when needed, we could be required to significantly reduce our operating expenses and delay, reduce the scope of, or eliminate one or more of our development activities. Failure to manage discretionary spending or raise additional financing, as needed, may adversely impact our ability to achieve our intended business objectives.

In part to augment our cash resources, we entered into the Merger Agreement, which is expected to close in early 2026. The audited consolidated financial statements and the unaudited condensed consolidated financial statements of PlusAI do not reflect the transactions contemplated by the Merger Agreement. However, we believe that the net proceeds from the business combination, together with our existing cash, cash equivalents, and short-term marketable securities as of the date of this proxy statement/prospectus, will provide us with sufficient financing to fund our research and development, and administrative activities into 2027 under the 25% Redemption and the No Redemption Scenarios. Since the closing of the business combination is not solely within our control, the amounts held by CCIX are not considered available to finance our operations for the unaudited condensed consolidated financial statements of PlusAI for the nine months ended September 30, 2025.

In the future, we plan to access capital through potential public or private equity offerings, debt financings, and other sources. We are also seeking to access the capital markets by becoming a public company as a result of the

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business combination, if consummated. We have historically been able to raise capital through the issuance and sale of equity and equity-linked instruments, such as redeemable convertible preferred stock and simple agreements for future equity, although no assurance can be provided that we would continue to be successful doing so in the future. Our ability to continue as a going concern depends on additional financing to fund our operations. There is no assurance that additional financing will be available to us on acceptable terms or at all. Accordingly, our unaudited condensed consolidated financial statements for the nine months ended September 30, 2025 disclose a substantial doubt about our ability to continue as a going concern. Our unaudited condensed consolidated financial statements for the nine months ended September 30, 2025 do not include any adjustments to reflect the possible future effects on