Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 658

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 658
---
 liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2: Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active. Level 3: Unobservable inputs based on assessment of the assumptions that market participants would use in pricing the asset or liability. As of September 30, 2025, assets held in the Trust Account were comprised of $ 308 in cash and $ 304,575,975 invested in U.S. Treasury Bills.

<div align='center'>F-38

CHURCHILL CAPITAL CORP IX

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

(UNAUDITED)</div>

As of December 31, 2024, assets held in the Trust Account were comprised of $2,216in cash and $296,133,481invested in U.S. Treasury Bills.

| September 30, 2025                |     | Amortized 
 Cost      |             |     | Unrealized 
 Gain       |        |     | Fair Value |             |
|:----------------------------------|:----|:----------|------------:|:----|:-----------|-------:|:----|:-----------|------------:|
| Cash held in Trust Account        |     | $         |         308 |     |            |      — |     | $          |         308 |
| U.S. Treasury Securities (Matured 
 on 10/02/25)                      |     | $         | 304,540,312 |     | $          | 35,663 |     | $          | 304,575,975 |
| December 31, 2024                 |     |           |             |     |            |        |     |            |             |
| Cash held in money markets        |     | $         |       2,216 |     |            |      — |     | $          |       2,216 |
| U.S. Treasury Securities (Matured 
 on 02/06/25)                      |     | $         | 296,120,431 |     | $          | 13,050 |     | $          | 296,133,481 |

The Public Warrants were valued using a Lattice methodology. The Public Warrants