Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 449

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 449
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 transaction costs in connection with an intended initial business combination, the Sponsor or an affiliate of the Sponsor or certain of CCIX’s officers and directors may, but are not obligated to, loan CCIX funds as may be required. If CCIX completes its initial business combination, CCIX would repay certain Working Capital Loans. In the event that the initial business combination does not close, CCIX may use a portion of the working capital held outside the trust account to repay such Working Capital Loans but no proceeds from the trust account would be used to repay the Working Capital Loans. Up to $1,500,000 of the Working Capital Loans may be convertible into units of the Post-Closing Company at a

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price of $10.00 per unit at the option of the lender. The units and the underlying securities would be identical to the CCIX private placement units. Additionally, to fund working capital, CCIX has permitted withdrawals available up to an annual limit of $1,000,000. These permitted withdrawals are limited to only the interest available that has been earned in excess of the initial deposit at the CCIX IPO. As of December 31, 2024, CCIX had withdrawn $1,000,000 for the annual period, and had no further amounts available for withdrawal until May 6, 2025, which was the 1-year anniversary of the CCIX IPO. For the three and nine months ended September 30, 2025, CCIX withdrew another $1,000,000 in interest from the trust account for working capital purposes, and has no further amounts available for permitted withdrawals until May 6, 2026, which is the 2-year anniversary of the CCIX IPO. As of September 30, 2025, no further amounts are available for withdrawal until May 6, 2026.

To mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that we hold investments in the trust account, we may, at any time, (based on our management team’s ongoing assessment of all factors related to our potential status under the Investment Company Act) instruct the trustee to liquidate the investments held in the trust account and instead to hold the funds in the trust account in cash or in an interest-bearing demand deposit account at a bank.

In connection with CCIX’s assessment of going concern considerations in accordance with Accounting Standards Update (“ASU”) 2014-15, “