Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 698

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 698
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           | 573,508 |     | $        | 550,416 |

The significant terms of the redeemable convertible preferred stock (“ Preferred Stock ”) are summarized as below: Dividends Holders of each series of Preferred Stock shall be entitled to receive dividends only when and if declared by the Board of Directors. Dividends shall be non-cumulative and distributed in the sequence of (1) Series C and Series C-1 Preferred Stock, (2) Series B and Series B-X Preferred Stock, (3) Series A-4 and Series A-4-X Preferred Stock, (4) Series A-3, Series A-3-X and Series A-2 Preferred Stock, and (5) Series A-1 Preferred Stock. After payment of dividends to the holders of redeemable convertible preferred stock, any additional dividends shall be distributed among all holders of common stock and Preferred Stock pro rata on an as-converted to common stock basis. No dividends have been declared or paid through June 30, 2025. Liquidation Preference A Liquidation Event includes any liquidation, dissolution or winding up of the Company, whether voluntary or involuntary. The liquidation price of each series of Preferred Stock shall be equal to the greater of (1) total sum of (a) the original issuance price, (b) all declared but unpaid dividends, and (c) an interest of 10% of the original issue price per share per annum calculated on a compound basis for each year from either the original date or November 18, 2020 with respect to Series A-4, Series A-4-X, Series A-3, Series A-3-X, Series A-2 and Series A-1 Preferred Stock, or (2) such amount per share as would otherwise be payable had such series of Preferred Stock been converted into Class A common stock immediately prior to such liquidation. In the event of any Liquidation Event or Deemed Liquidation Event, all assets and funds of the Company legally available for distribution to the stockholders shall be distributed in the preference order of (1) Series C and Series C-1 Preferred Stock, (2) Series B and Series B-X Preferred Stock; (3) Series A-4, Series A-4-X, Series A-3 Preferred Stock, Series A-3-X and Series A-2 Preferred Stock; (4) Series A-1 Preferred Stock, at the liquidation price. If there are any assets or funds remaining after the distribution of liquid