Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 428

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 428
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 outstanding CCIX public shares. Pursuant to CCIX’s current articles of association, such an amendment would need to be approved by a special resolution.

We expect that all costs and expenses associated with implementing CCIX’s liquidation, as well as payments to any creditors, will be funded from amounts remaining out of the $2,412,564 (as of December 31, 2024) of proceeds held outside the trust account, although CCIX cannot assure CCIX’s shareholders that there will be sufficient funds for such purpose. However, if those funds are not sufficient to cover the costs and expenses associated with implementing CCIX’s liquidation, to the extent that there is any interest accrued in the trust account following permitted withdrawals, CCIX may request the trustee to release to CCIX an additional amount of up to $100,000 of such accrued interest to pay those costs and expenses.

If CCIX were to expend all of the net proceeds of the CCIX IPO and the sale of the CCIX private placement units, other than the proceeds deposited in the trust account, and without taking into account interest, if any, earned on the trust account, the per share redemption amount received by shareholders upon CCIX’s dissolution would be approximately $10.00. The proceeds deposited in the trust account could, however, become subject to the claims of CCIX’s creditors which would have higher priority than the claims of the CCIX public shareholders. CCIX cannot assure CCIX’s shareholders that the actual per share redemption amount received by shareholders will not be substantially less than $10.00. While CCIX intends to pay such amounts, if any, CCIX cannot assure CCIX’s shareholders that CCIX will have funds sufficient to pay or provide for all creditors’ claims.

Although CCIX will seek to have all vendors, service providers (other than CCIX’s independent registered public accounting firm), prospective target businesses and other entities with which CCIX does business execute agreements with CCIX waiving any right, title, interest or claim of any kind in or to any monies held in the trust account for the benefit of the CCIX public shareholders, there is no guarantee that they will execute such agreements or even if they execute such agreements that they would be prevented from bringing claims against the trust account including but not limited to fraudulent inducement, breach of fiduciary responsibility or other similar claims, as well as claims challenging the enforceability of the waiver, in each case in order to gain an advantage with respect to a claim against CCIX’s assets,