Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 96

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 96
---
 of Post-Closing Company Class A common stock, subject to certain adjustments and an evergreen provision. The purposes of the Incentive Plan are to attract and retain the best available personnel for positions of substantial responsibility with the Post-Closing Company or any parent or subsidiary of the Post-Closing Company; to provide additional incentive to eligible employees, directors, and consultants; and to promote the success of the Post-Closing Company’s business. A copy of the Incentive Plan is included as Annex D to this proxy statement/prospectus. See the section entitled “Proposal No. 6 — The Incentive Plan Proposal.”

ESPP

The CCIX Board will approve the ESPP, subject to the approval of the CCIX shareholders. The ESPP will initially reserve for issuance shares of Post-Closing Company Class A common stock, subject to certain adjustments and an evergreen provision. The purpose of the ESPP is to provide eligible employees of the Post-Closing Company and its participating subsidiaries with an opportunity to purchase shares of Post-Closing Company Class A common stock through accumulated contributions. A copy of the ESPP is included as Annex E to this proxy statement/prospectus. See the section entitled “Proposal No. 7 — The ESPP Proposal.”

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 Class A Ordinary Shares and CCIX Class B Ordinary Shares. 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 Shares equivalents.

The following table illustrates varying ownership levels and voting power in the Post-Closing Company immediately following the consummation of the business combination, excluding the dilutive effect of the potential issuance of any Earnout Shares, the issuance of all shares of Post-Closing Company Class A common stock upon exercise of outstanding PlusAI options assumed by the Post-Closing Company, the potential issuance of any shares of Post-Closing Company common stock upon the release of assumed unvested PlusAI RSUs, and the potential issuance of shares of Post-Closing Company common stock initially reserved for issuance under the Incentive Plan and the ESPP Plan, under the following redemption scenarios:

<div align='center'>42</div>

|                                |     | No Redemption 
 Scenario      |             |     |               |       |   |     |              |       |   |     |