Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 684

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 684
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 in the consolidated statements of operations and comprehensive loss. The CODM does not review assets at a different level or category other than the amounts disclosed in the Company’s consolidated balance sheets.

The Company calculates net loss per share using the two-class method as it has issued shares of redeemable convertible preferred stock and the SAFEs that meet the definition of participating securities in addition to Class A and Class B common stock. The two-class method determines net loss per share for each class of common stock and participating securities, accounting for dividends declared or accumulated and participation rights in undistributed

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

earnings. The two-class method requires income available to common shareholders for the period to be allocated between common stock and participating securities based upon their participation rights to receive dividends as if all income for the period had been distributed. The participating securities that contractually participate in dividend with common stock, do not have a contractual obligation to share in the Company’s losses. As such, net loss for the period was not allocated to the Company’s participating securities.

The rights including the liquidation and dividend rights and sharing of losses of the Class A and Class B common stock are identical, other than voting, transfer and conversion rights. As the liquidation and dividend rights and sharing of losses are identical, the undistributed earnings are allocated on a proportionate basis and the resulting net loss per share will, therefore, be the same for both Class A and Class B common stock on an individual or combined basis.

Basic net loss per share attributable to common shareholders is computed by dividing the net loss attributable to common shareholders by the weighted average number of common shares outstanding for the period. Diluted net loss per share attributable to common shareholders is computed by dividing the diluted net loss attributable to common shareholders by the weighted average number of common shares outstanding for the period, including potential dilutive common shares.

Diluted net loss per share considers potentially dilutive common shares, including outstanding common stock options, restricted stock units, shares of redeemable convertible preferred stock, SAFEs, and liability-classified warrants. Potentially dilutive common shares are not assumed to have been issued if their effect is anti-dilutive. For all periods presented, all potentially dilutive common shares are excluded as they have an anti-dilutive impact. Therefore, basic and diluted net loss per share are the same for all periods presented.

The Company intends to operate as an emerging growth company as defined in the Jumpstart Our Business Startups