Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 190

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 190
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 the performance of particular companies.

We may be subject to securities litigation, which is expensive and could divert management’s attention.

The market price of the Post-Closing Company common stock may be volatile and, in the past, companies that have experienced volatility in the market price of their stock have been subject to securities class action litigation. We may be the target of this type of litigation in the future. Securities litigation against us could result in substantial costs and divert management’s attention from other business concerns, which could seriously harm our business.

Future resales of common stock may cause the market price of our securities to drop significantly, even if our business is doing well.

Sales of a substantial number of shares of Post-Closing Company Class A common stock in the public market could occur. Following the Closing, we will have shares of Class A common stock and shares of Class B common stock outstanding. If our stockholders sell, or the market perceives that our stockholders intend to sell, substantial amounts of Post-Closing Company Class A common stock in the public market, the market price of our stock could decline significantly.

Following the Merger, the Sponsor, the Insiders and former securityholders of PlusAI will be subject to certain transfer restrictions with respect to their shares of the Post-Closing Company as follows: (1) with respect to 50% of such holder’s shares, until the earlier of 180 days after the Closing and the date on which the VWAP of the Post-Closing Company Class A common stock equals or exceeds $12.00 per share during any 15 trading days within any 180 consecutive trading day period following the Closing, and (2) with respect to 50% of such holder’s shares, until the earlier of 360 days after the Closing and the date on which the VWAP of the Post-Closing Company Class A common stock equals or exceeds $14.00 per share during any 15 trading days within any 360 consecutive trading day period following the Closing, subject to certain exceptions to the termination of transfer restrictions with respect to Earnout Shares or held directly or indirectly by certain founder executives of PlusAI. See the Proposed Bylaws.

Once such securities are released from lock-up restrictions, the applicable stockholders will not be restricted from selling shares of the Post-Closing Company common stock held by them, other than by applicable securities laws. Sales of a substantial number of shares of our common stock in the public market could occur at any time. These sales, or the perception in the market that the holders of a large