Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 59

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 59
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 the business combination?

The following table illustrates varying ownership levels and voting power in the Post-Closing Company immediately following the consummation of the business combination, excluding the dilutive effect of the potential issuance of any Earnout Shares, the potential issuance of any shares of Post-Closing Company common stock upon exercise of outstanding PlusAI options (other than Penny Options), PlusAI RSUs or PlusAI warrants assumed by the Post-Closing Company and the potential issuance of shares of Post-Closing Company common stock initially reserved for issuance under the Incentive Plan and the ESPP, in each of the following scenarios:

No Redemptions . This scenario assumes no redemption of the 28,750,000 shares.

25% Redemptions . This scenario assumes that holders of 7,187,500 CCIX public shares, or 25% of the shares outstanding held by CCIX public shareholders, will exercise their redemption rights for aggregate redemption proceeds of $76.1 million.

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• 50% Redemptions . This scenario assumes that holders of 14,375,000 CCIX public shares, or 50% of the shares outstanding held by CCIX public shareholders, will exercise their redemption rights for aggregate redemption proceeds of $152.3 million. • Maximum Redemption Scenario . This scenario assumes that holders of 25,954,624 CCIX public shares, or 90% of the shares held by CCIX public shareholders subject to possible redemption will exercise their redemption rights for aggregate redemption proceeds of $274.9 million. The scenario is based on the maximum number of redemptions that may occur to meet the CCIX Net Tangible Asset closing condition. The following summarizes the pro forma shares of the Post-Closing Company common stock issued and outstanding immediately after the business combination and Transactions on an issued and outstanding basis, presented under the following redemption scenarios:

|                                |     | No Redemption 
 Scenario      |             |     |               |       |   |     |              |       |   |     | 25% Redemption 
 Scenario       |             |     |               |       |   |     |              |       |   |     | 50% Redemption 
 Scenario       |             |     |               |       |   |     |              |       |   |     | Maximum Redemption 
 Scenario           |             |     |               |       |   |     |              |       |   |
|                                |     | Shares        
 Outstanding   |             |     | % Outstanding |       |