Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 303

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 303
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 o intellectual property lists and descriptions, including Company patents; o interviews with senior PlusAI management and technical personnel; o technical records; and o autonomy architecture, safety approach, and deployment approach documentation. • Conducted an analysis and considered factors as Ocean Tomo deemed necessary, including: o Independent market research to develop estimates of undocumented data, including market size, industry trends, comparable company benchmarks, and relevant market transactions and licensing activities. o Creation of detailed financial valuation models and scenario analyses based on data provided by CCIX, other related parties, and Ocean Tomo research. These include, but are not limited to, operating unit economics, timing and other risk factors, technical merits of PlusAI’s technology, the competitive environment, regulatory issues, and additional considerations Ocean Tomo deemed necessary and relevant to the conclusions in the Opinion. Assumptions, Qualifications and Limiting Conditions In performing its analyses and rendering the Opinion with respect to the Purchase Price, Ocean Tomo, with CCIX’s consent: • assumed that all equity securities of PlusAI outstanding immediately prior to the Merger will be converted into shares of Post-Closing Company common stock in accordance with the terms of the Merger Agreement;

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• considered Earnout Shares, CCIX Warrants, and disregarded third-party warrants; • relied upon the accuracy, completeness, and fair presentation of all information, data, advice, opinions, and representations obtained from public sources or provided to it from private sources, including CCIX, PlusAI management, and counsel, and did not independently verify such information; • relied upon the fact that the CCIX Board, CCIX, and parties to the Agreement have been advised by counsel as to all legal matters with respect to the Agreement and the Purchase Price, including whether procedures required by law to be taken in connection with the Agreement and the Purchase Price, if any, have been duly, validly, and timely taken. Ocean Tomo is not a legal, regulatory or tax expert and has relied, without independent verification, on the assessment of CCIX and its advisors with respect to such matters; • assumed that estimates, evaluations, and unit economics & deployment schedule information furnished to Ocean Tomo, if any, were reasonably prepared and based upon the best currently available information and good faith judgment of the person furnishing the same, and Ocean Tomo expresses no opinion with respect to such information or the underlying assumptions; • assumed that information supplied and representations made by CCIX, PlusAI management, and counsel are substantially accurate regarding