Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 403

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 403
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 the Post-Closing Company, and (3) a number of shares of Post-Closing Company Class A common stock determined by the administrator of the ESPP no later than the last day of the Post-Closing Company’s immediately preceding fiscal year. Shares issuable under the ESPP may be authorized, but unissued, or reacquired shares of Post-Closing Company Class A common stock.

We currently are unable to determine how long this share reserve may last because the number of shares that will be issued in any year or offering period depends on a variety of factors that cannot be predicted with certainty, including, for example, the number of employees who elect to participate in the ESPP, the level of contributions made by participants and the future price of shares of Post-Closing Company Class A common stock.

If CCIX shareholders do not approve the ESPP, then the ESPP will not become effective and no shares of Post-Closing Company Class A common stock will be available for issuance thereunder.

The ESPP provides that in the event that any dividend or other distribution (whether in the form of cash, shares of Post-Closing Company Class A common stock, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, reclassification, repurchase or exchange of Post-Closing Company Class A common stock or other securities of the Post-Closing Company or other change in the Post-Closing Company’s corporate structure affecting Post-Closing Company Class A common stock occurs (other than any ordinary dividends or other ordinary distributions), to prevent diminution or enlargement of the benefits or potential benefits intended to be provided under the ESPP, the administrator of the ESPP will make adjustments to the number and class of shares that may be delivered under the ESPP and/or the purchase price per share and number and class of shares covered by each option granted under the ESPP that has not yet been exercised, and the numerical share limits under the ESPP.

Administration

The Post-Closing Company Board or a committee appointed by the Post-Closing Company Board will have authority to administer the ESPP. Unless and until determined otherwise by the Post-Closing Company Board, the compensation committee of the Post-Closing Company Board will administer the ESPP. For purposes of the remainder of this proposal, references to the administrator will mean the administrator of the ESPP. The administrator will have full and exclusive discretionary authority to construe, interpret and apply the terms of the ESPP, delegate ministerial