Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 383

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 383
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 our directors and officers, as well as the Sponsor, have interests in the Transactions that are different from, or in addition to, the interests of CCIX shareholders generally. Please see the section entitled “Proposal No. 1 — The Business Combination Proposal — Interests of Certain CCIX Persons in the Business Combination” for additional information.

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PROPOSAL NO. 6 – THE INCENTIVE PLAN PROPOSAL</div>

Overview

Assuming each of the condition precedent proposals is approved, CCIX is asking its shareholders to approve the PlusAI Holdings, Inc. 2025 Equity Incentive Plan, referred to as the Incentive Plan, and the material terms thereunder. The Incentive Plan will be adopted by the CCIX Board and also will be approved by the PlusAI Board, in each case, prior to the date of the special meeting and subject to shareholder approval at the special meeting. The Incentive Plan will become effective as of the latest to occur of (1) the date of its initial adoption by the CCIX Board, (2) the date of its initial approval by CCIX’s shareholders, or (3) the Effective Time, assuming approval of this proposal by CCIX’s shareholders. The Incentive Plan, if approved by the CCIX shareholders, will allow the Post-Closing Company to provide equity awards as part of the Post-Closing Company’s compensation program, an important tool for motivating, attracting and retaining talented employees and for providing incentives that promote the Post-Closing Company’s business and shareholder value appreciation.

Both the CCIX Board and PlusAI Board believe that long-term incentive compensation programs help align more closely the interests of management, employees and shareholders to create long-term shareholder value. Equity plans such as the Incentive Plan increase the Post-Closing Company’s ability to achieve this objective and, by allowing for several different forms of long-term incentive awards, helps the Post-Closing Company to recruit, reward, motivate, and retain talented personnel. Both the CCIX Board and PlusAI Board believe that the approval of the Incentive Plan is essential to the Post-Closing Company’s continued success, and in particular, the Post-Closing Company’s ability to attract and retain outstanding and highly skilled individuals in the extremely competitive labor markets in which the Post-Closing Company will compete. Such awards also are crucial to the Post-Closing Company’s ability to motivate employees to achieve its goals.

The CCIX Board will approve, the Incentive Plan, subject