Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 733

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 733
---
 different former executive of the Company, with an outstanding RSA Loan of $0.3 million related to these shares, including accrued interest. As of September 30, 2025, there was no unrecognized stock-based compensation associated with the Executive RSAs.

The Company determines its income tax provision for interim periods using an estimate of its annual effective tax rate adjusted for discrete items occurring during the periods presented. The Company has recorded zero income tax provision and $0.1 million for the nine months ended September 30, 2024, and 2025, respectively. The primary difference between its effective tax rate and the federal statutory tax rate is the full valuation allowance the Company has recorded against its net deferred tax assets.

<div align='center'>F-105</div>

On July 4, 2025, the One Big Beautiful Bill Act (“ OBBBA ”) was enacted in the United States. The OBBBA extends permanently, with modifications, tax provisions enacted as part of the 2017 Tax Cuts and Jobs Act and restores and makes permanent many business provisions, such as full expensing for domestic research and development and capital investments. In addition, the OBBBA makes changes to certain United States corporate tax provisions, but many are generally not effective until 2026. The enactment of the OBBBA does not have a material impact on the results from operations for the current period. 15. Segment Reporting and Geographic Information The Company is currently in a pre-commercial research and development phase and is focused on developing an autonomous driving technology platform. The CODM assesses performance and allocates resources by monitoring consolidated operating expenses, cash burn, and net loss against the operating plans approved by the board of directors and associated milestones. The CODM reviews actual-to-budget variances, as well as trended actuals for total operating expenses and uses this information to inform decisions on hiring pace, prioritization of specific research and development initiatives, capital expenditures, and overall cash runway management. Significant expenses include research and development, sales, marketing, general and administrative, which are separately presented on the Company’s unaudited condensed consolidated statements of operations and comprehensive loss. The CODM’s key measure of segment assets is reported in the unaudited condensed consolidated balance sheets and is represented by the total assets of the Company. A summary of long-lived assets by geographic location for the unaudited condensed consolidated balance sheet dates presented is as follows:

| (in thousands) |     | 2024 | December 31, |     | 2025