Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 261

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 261
---
 case, that are outstanding as of June 5, 2025 or issued or granted thereafter in compliance with the terms of the Merger Agreement, and in the case of PlusAI equity awards, in accordance with the terms of the 2017 Plan or 2021 Plan, as applicable, and applicable award agreement, (c) issuances of PlusAI preferred stock upon the exercise of PlusAI warrants outstanding on June 5, 2025, or (d) issuances of PlusAI capital stock in connection with a Permitted Equity Financing (including permitted PlusAI SAFEs);

sell, assign, transfer, convey, lease, license, abandon, allow to lapse or expire, subject to or grant any lien (other than a permitted lien) on, or otherwise dispose of, any material intellectual property or any material assets, rights, technology or properties other than the sale or non-exclusive license of software, goods, products and services to customers in the ordinary course of business, licenses to service providers in connection with provision of services to PlusAI and its subsidiaries in the ordinary course of business, or the sale, non-exclusive license or other disposition of technology or equipment deemed by PlusAI in its reasonable business judgment to be obsolete or not material to the business of PlusAI and its subsidiaries;

(1) cancel or compromise any claim or indebtedness owed to PlusAI or any of its subsidiaries, (2) settle any pending or threatened action, (a) if such settlement would require payment by PlusAI in an amount greater than $500,000, (b) to the extent such settlement includes an agreement to accept or concede injunctive relief or (c) to the extent such settlement involves a governmental authority (unless such settlement would not reasonably be expected to be materially adverse to PlusAI) or alleged criminal wrongdoing, or (3) agree to modify in any respect materially adverse to PlusAI and its subsidiaries any confidentiality or similar contract to which PlusAI or any of its subsidiaries are a party;

directly or indirectly acquire (by merger, consolidation, purchase of a substantial portion of stock or assets or otherwise), directly or indirectly, any business or corporation, partnership, limited liability company, joint venture, association or other entity or division thereof in a transaction that would be material to PlusAI and its subsidiaries, taken as a whole;

make any loans or advance any money or other property to any person, except for (1) advances in the ordinary course of business to employees or officers of PlusAI or any of its subsidiaries for expenses not to