Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 256

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 256
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 be adjusted in accordance with the requirements of Section 424 of the Code and all PlusAI options will be adjusted in a manner that complies with or is exempt from Section 409A of the Code.

At the Effective Time, each outstanding PlusAI RSU that is unvested as of immediately prior to the Effective Time will be assumed by the Post-Closing Company and converted into the right to receive RSUs subject to shares of Post-Closing Company common stock, on the same terms and conditions (including applicable vesting, settlement and termination provisions) as applied to each such PlusAI RSU immediately prior to the Effective Time, except that the number of shares of Post-Closing Company common stock subject to such PlusAI RSU will equal the product of (1) the number of shares of PlusAI common stock that were subject to such PlusAI RSU immediately prior to the Effective Time multiplied by (2) the Exchange Ratio, rounded down to the nearest whole share. All PlusAI RSUs will be adjusted in a manner that complies with or is exempt from Section 409A of the Code.

At the Effective Time, each PlusAI warrant will be treated in accordance with the terms of such PlusAI warrant and the Merger Agreement and become a Post-Closing Company assumed warrant.

Earnout

Up to an aggregate of 15,000,000 shares of Post-Closing Company Class A common stock will be issued to Eligible PlusAI Equityholders upon the occurrence of an Earnout Triggering Event during the Earnout Period (such shares, the “Earnout Shares”), in three separate tranches equal to (1) 5,000,000 shares of Post-Closing Company Class A common stock, (2) 5,000,000 shares of Post-Closing Company Class A common stock, and (3) 5,000,000 shares of Post-Closing Company Class A common stock, in each case that will be issued upon the occurrence of an Earnout Triggering Event during the Earnout Period.

Impact of the Business Combination on Our Public Float

As of the date of this proxy statement/prospectus, there are CCIX Ordinary Shares issued and outstanding, which includes CCIX public shares, CCIX Founder Shares held by the Sponsor and CCIX private placement shares held by the Sponsor. Therefore, as of the date of this proxy statement/prospectus (without giving effect to the Transactions) CCIX’s fully diluted share capital would be CCIX Class A Ordinary Share equivalents.

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