Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 406

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 406
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 an offering period provides for more than one exercise date in such offering period, if the fair market value of a share of Post-Closing Company Class A common stock on an exercise date is less than the fair market value of a share of Post-Closing Company Class A common stock on the first trading day of the offering period, participants in that offering period will be withdrawn from that offering period following their purchase of shares on such exercise date and automatically will be enrolled in a new offering period.

Contributions

The ESPP will permit participants to purchase shares of Post-Closing Company Class A common stock through payroll deductions of up to 15% of their eligible compensation, which includes a participant’s base straight time gross earnings but excludes payments for overtime, shift premium, commissions, incentive compensation, equity compensation, bonuses, and other similar compensation. The administrator may change the compensation eligible for contribution under the ESPP on a uniform and nondiscriminatory basis for future offering periods. The administrator, in its discretion, may increase or decrease the maximum percentage of compensation that participants may elect as contributions during each offering period if such change is announced before the scheduled beginning of the first offering period to be affected thereafter.

Exercise of Purchase Option

Amounts deducted and accumulated by a participant under the ESPP are used to purchase shares of Post-Closing Company Class A common stock at the end of each purchase period. The purchase price of the shares will be 85% of the lower of (1) the fair market value of a share of Post-Closing Company Class A common stock on the first trading day of the offering period and (2) the fair market value of a share of Post-Closing Company Class A common stock

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on the exercise date. A participant will be permitted to purchase a maximum of shares during each offering period (subject to the adjustment provisions of the ESPP), provided that the administrator may increase or decrease such maximum number of shares for each purchase period or offering period. Until shares of Post-Closing Company Class A common stock are issued (as evidenced by the appropriate entry on our books or the books of a duly authorized transfer agent of ours) to a participant, the participant will have only rights of an unsecured creditor with respect to such shares, and no right to vote or receive dividends or any other rights as a stockholder with respect to such shares.

Termination of Participation

Participation in the ESPP generally will terminate when a participating employee’s employment with the Post-Closing Company or a participating subsidiary ceases