Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 560

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 560
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 A Common Stock outstanding immediately after giving effect to such exercise.

Anti-Dilution Adjustments

If the number of outstanding shares of CCIX Class A Common Stock is increased by a share dividend payable in CCIX Class A Common Stock, or by a subdivision of CCIX Class A Common Stock or other similar event, then, on the effective date of such share dividend, subdivision or similar event, the number of shares of CCIX Class A Common Stock issuable on exercise of each CCIX public warrant will be increased in proportion to such increase in the outstanding shares of CCIX Class A Common Stock. A rights offering to holders of CCIX Class A Common Stock entitling holders to purchase shares of CCIX Class A Common Stock at a price less than the fair market value will be deemed a share dividend of a number of CCIX Class A Common Stock equal to the product of (1) the number of shares of CCIX Class A Common Stock actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable for CCIX Class A Common Stock) multiplied by (2) one minus the quotient of (a) the price per CCIX Class A Common Stock paid in such rights offering divided by (b) the fair market value. For these purposes (1) if the rights offering is for securities convertible into or exercisable for CCIX Class A Common Stock, in determining the price payable for CCIX Class A Common Stock, there will be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion, (2) 10-day average closing price means, as of any date, the average last reported sale price of the CCIX Class A Common Stock as reported during the 10 trading day period ending on the trading day prior to such date and (3) fair market value means the ten-day average closing price the first date on which the CCIX Class A Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights.

In addition, if we, at any time while the CCIX public warrants are outstanding and unexpired, pay a dividend or make a distribution in cash, securities or other assets to the holders of CCIX Class A Common Stock on account of such shares of CCIX Class A Common Stock (or other shares into which the warrants are convertible), other than (1) as described shares in connection with a proposed initial business combination, or (2) in