Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 254

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 254
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 right to receive a number of shares of Post-Closing Company common stock equal to the Exchange Ratio, which is based on the Per Share Equity Value. Subject to the assumptions described herein, as of the date of this proxy statement/prospectus, we estimate that the Exchange Ratio will be approximately shares of Post-Closing Company common stock for each issued and outstanding share of PlusAI common stock; see the section entitled “Proposal No. 1 — The Business Combination Proposal — General — Structure of the Transactions.”

At the Effective Time, by virtue of the Merger and without any further action on the part of CCIX, Merger Subs, PlusAI or any holder of any securities of CCIX or PlusAI, the following will occur:

Each share of PlusAI common stock (including shares of PlusAI common stock issued upon the Conversion) issued and outstanding immediately prior to the Effective Time (other than Excluded Shares and Dissenting Shares) will be automatically surrendered and exchanged for (1) the right to receive a number of shares of Post-Closing Company common stock equal to the Exchange Ratio and (2) the contingent right to receive Earnout Shares that may be issued during the Earnout Period, in each case in accordance with the terms of the Merger Agreement and as described above.

Each issued and outstanding share of common stock of Merger Sub I will be converted into and become one validly issued, fully paid and nonassessable share of common stock of PlusAI, which will constitute the only outstanding shares of common stock of PlusAI as the surviving corporation of the first merger, and, immediately thereafter in the second merger, each issued and outstanding share of common stock of PlusAI will be cancelled and retired and each issued and outstanding membership interest of Merger Sub II will remain outstanding and constitute all of the membership interests of the surviving entity as a wholly owned subsidiary of CCIX.

Each share of PlusAI capital stock held in PlusAI’s treasury or owned by CCIX, Merger Sub I or PlusAI immediately prior to the Effective Time (each, an “ Excluded Share ”) will automatically be cancelled or surrendered (as applicable) and no consideration will be paid or payable with respect thereto.

For more information regarding the sources and uses of the funds utilized to consummate the business combination, please see the section below entitled “— Sources and Uses of Funds for the Transactions.”

Exchange and Fractional Shares

Immediately prior to or at the Effective Time, CCIX will deposit, or cause to be deposited, with Continental Stock Transfer &