Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 364

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 364
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 evaluation of the following facts and circumstances regardless of the level of redemptions from the Trust account of CCIX:

PlusAI stockholders will have a relative majority of the voting power of the Post-Closing Company;

the Post-Closing Company Board will have seven members, and PlusAI stockholders will have the ability to nominate five of the members of the board of directors;

PlusAI’s senior management will comprise all of the senior management roles of the Post-Closing Company and be responsible for the day-to-day operations;

the Post-Closing Company will assume the PlusAI name and be renamed as Plus Automation, Inc.; and

the intended strategy and operations of the Post-Closing Company will continue PlusAI’s current strategy and operations to deploy autonomous driving intelligence at global scale to create lasting value for the commercial trucking ecosystem by enhancing safety and lowering the cost of freight transportation.

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The Earnout Shares are expected to be classified as equity on the balance sheet. The impact of the Earnout Shares is not expected to be material on the future results of operations of the Post-Closing Company.

Regulatory Matters

Under the HSR Act and the rules that have been promulgated thereunder by the FTC, certain transactions may not be consummated unless information has been furnished to the Antitrust Division and the FTC and certain waiting period requirements have been satisfied. The Transactions are subject to these requirements and may not be completed until the expiration of a 30-day waiting period following the filing of the required Notification and Report Forms with the Antitrust Division and the FTC or until early termination is granted. If the FTC or the Antitrust Division issues a Second Request within the initial 30-day waiting period, the waiting period with respect to the Transactions will be extended for an additional period of 30 calendar days, which will begin on the date on which the filing parties each certify compliance with the Second Request. Complying with a Second Request can take a significant period of time.

Each of CCIX and PlusAI filed a Notification and Report Form with the FTC and the Antitrust Division in connection with the Transactions on July 7, 2025. The initial 30-day waiting period therefore expired at 11:59 p.m., Eastern time, on August 6, 2025.

At any time before or after consummation of the Transactions, notwithstanding termination of the waiting period under the HSR Act, the applicable competition authorities could take such action under applicable antitrust laws as each deems necessary or desirable