Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 671

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 671
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 and the general condition of the world economy, including uncertainty around tariffs. A host of factors beyond the Company’s control could cause fluctuations in these conditions. Adverse developments in these general business and economic conditions could have a material adverse effect on the Company’s financial condition and the results of its operations. In addition, the Company will have to compete with companies that have extensive and well-funded projects, marketing and sales operations. The Company may be unable to compete successfully against these companies. The Company’s industry is characterized by rapid changes in technology and market demands. As a result, the Company’s products, services, or expertise may become obsolete or unmarketable. The Company’s future success will depend on its ability to adapt to technological advances, anticipate customer and market demands, and enhance its current technology.

Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash, cash equivalents and short-term investments. The Company maintains cash and cash equivalents in deposit accounts at financial institutions that at times may significantly exceed federally insured limits. The Company has not experienced any losses related to such accounts, and does not believe it is exposed to any unusual credit risk beyond the normal credit risk associated with commercial banking relationships. The Company’s non-interest bearing cash balances as of June 30, 2025 were fully insured up to $250,000 per depositor at each financial institution and substantially all of the Company’s cash and cash equivalents were held in one major financial institution which management considers being of high credit quality.

Accounts and other receivables are generally unsecured and denominated in United States dollar (“US Dollar” or “USD”) or Euro, and are derived from operations primarily in the United States. The Company performs ongoing credit evaluations of its accounts receivable to mitigate its credit risk. As of December 31, 2023, there were two collaboration partners that accounted for 77% and 19% of accounts and other receivables. As of December 31, 2024, there were two collaboration partners that accounted for 84% and 14% of accounts and other receivables. As of June 30, 2025, there were two collaboration partners that accounted for 63% and 37% of accounts and other receivables. The Company operates primarily in the U.S., where it generates revenue and holds its long-lived assets.

<div align='center'>F-50

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

All of the Company’s short-term marketable securities as of December