Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 550

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 550
---
 36,662,500, which includes 28,750,000 CCIX shares subject to redemption at the estimated value of $10.59 per share, 725,000 CCIX Class A Ordinary Shares held by the Sponsor, and 7,187,500 CCIX Class B Ordinary Shares. The presentation below excludes the effect of consummating the Merger and the shares of the Post-Closing Company common stock issuable to PlusAI stockholders. The presentation below takes into account the reclassification of unredeemed CCIX public shares held by CCIX public shareholders to permanent equity, the payment of the estimated CCIX transaction costs in connection with the potential Transactions, and the extinguishment of the associated deferred underwriting fee liability. In addition to excluding the Merger itself, this presentation excludes shares of the Post-Closing Company common stock issuable upon the exercise of the outstanding unexercised instruments, including CCIX warrants, PlusAI warrants, PlusAI options, and PlusAI RSUs. This presentation also excludes shares of the Post-Closing Company common stock that will initially be available for issuance under the Incentive Plan and the ESPP of the Post-Closing Company. The following table presents the net tangible book value per share at various redemption levels that may occur in connection with the consummation of the Transactions, assuming various sources of material probable dilution, but excluding the effects of the Merger:

|                                                                                                                                         |     | No Redemption 
 Scenario(1)   
 Shares        |            |     | Net Tangible Book Value Per Share |       |   |     | 25% Redemption 
 Scenario(2)    
 Shares         |            |     | Net Tangible Book Value Per Share |       |   |     | 50% Redemption 
 Scenario(3)    
 Shares         |            |     | Net Tangible Book Value Per Share |       |   |     | Maximum Redemption 
 Scenario(4)        
 Shares             |            |     | Net Tangible Book Value Per Share |       |   |
|:----------------------------------------------------------------------------------------------------------------------------------------|:----|:--------------|-----------:|:----|:----------------------------------|------:|:--|:----|:---------------|-----------:|:----|:----------------------------------|------:|:--|:----|:---------------|-----------:|:----|:----------------------------------|------:|:--|:----|:-------------------|-----------:|:----|:----------------------------------|------:|:--|
| CCIX net tangible