Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 574

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 574
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 their rights to liquidating distributions from the trust account with respect to any CCIX private placement shares held by them if CCIX fails to complete an initial business combination within the completion window.

CCIX may issue Working Capital Loans in the principal amount of $1,500,000 to the Sponsor to finance transaction costs in connection with the business combination. Such Working Capital Loans would bear no interest and would be repayable in full upon the Closing. The Sponsor will have the option to convert any unpaid balance of the Working Capital Loans into CCIX private placement units at a price per unit of $10.00, prior to the Domestication.

CCIX Preference Shares Prior to the Business Combination

CCIX’s current articles of association authorizes 5,000,000 preference shares and provides that such shares may be issued with such designations, voting and other rights and preferences as may be determined from time to time by CCIX’s Board.

Stock Options, RSUs and Warrants

Immediately after the business combination and the assumption of the PlusAI options, RSUs and warrants pursuant to the terms of the Merger Agreement, it is anticipated that there will be outstanding Post-Closing Company options and warrants covering approximately shares of Post-Closing Company Class A common stock, with a weighted-average exercise price of $ per share.

Dividends

CCIX has not paid any cash dividends on the CCIX Ordinary Shares to date and does not intend to pay cash dividends prior to the completion of the initial business combination. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition subsequent to completion of the initial business combination. The payment of any cash dividends subsequent to the initial business combination will be within the discretion of the board of directors at such time. In addition, the CCIX Board is not currently contemplating and does not anticipate declaring any share dividends in the foreseeable future. Further, if CCIX incurs any indebtedness in connection with the initial business combination, CCIX’s ability to declare dividends may be limited by restrictive covenants CCIX may agree to in connection therewith.

Anti-takeover Effects of Delaware law and the Post-Closing Company’s Certificate of Incorporation and Post-Closing Company’s Bylaws

Certain provisions of Delaware law, the Proposed Certificate of Incorporation and the Proposed Bylaws, each of which is summarized below, may have the effect of delaying, deferring or discouraging another person from acquiring control of the Post-Closing Company. The provisions are also designed,