Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 113

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 113
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CCIX and PlusAI have incurred and expect to incur significant costs associated with the business combination. Whether or not the business combination is completed, the incurrence of these costs will reduce the amount of cash available to be used for other corporate purposes by CCIX if the business combination is not completed.

Upon the Closing, the rights of holders of Post-Closing Company Class A common stock arising under the DGCL will differ from and may be less favorable in certain aspects to the current rights of holders of CCIX Ordinary Shares arising under the Companies Act.

A market for the Post-Closing Company’s securities may not continue, which would adversely affect the liquidity and price of the Post-Closing Company’s securities.

Following the Closing, the Nasdaq may delist shares of Post-Closing Class A common stock from trading on its exchange, which could limit investors’ ability to transact in our securities and subject us to additional trading restrictions.

If the business combination’s benefits do not meet the expectations of investors, shareholders or financial analysts, the market price of the Post-Closing Company’s securities may decline.

We cannot assure you that we will be able to complete the Transactions or another initial business combination by the end of the completion window, in which case CCIX will cease all operations except for the purpose of winding up and CCIX would redeem the CCIX public shares and liquidate, in which case CCIX’s public shareholders would only receive approximately $10.59 per share (based on amounts in the trust account at September 30, 2025), or less than such amount in certain circumstances.

Because CCIX is incorporated under the laws of the Cayman Islands, in the event the business combination is not completed, you may face difficulties in protecting your interests, and your ability to protect your rights through the U.S. federal courts may be limited.

Legal proceedings in connection with the business combination, the outcomes of which are uncertain, could delay or prevent the completion of the business combination.

Sources and Uses of Funds for the Transactions The following tables summarize the sources and uses for funding the Transactions under the following scenarios:

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No Redemption Scenario

These figures assume that (1) no CCIX public shareholders exercise their redemption rights in connection with the Transactions, (2) the Post-Closing Company issues 113,036,645 shares of Post-Closing Company common stock to PlusAI stockholders (which includes holders of PlusAI preferred stock, PlusAI common stock, and PlusAI SAFEs, that, pursuant