Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 126

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 126
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RISK FACTORS</div>

Shareholders should carefully consider the following risk factors, together with all of the other information included in this proxy statement/prospectus, before they decide whether to vote or instruct their vote to be cast to approve the proposals described in this proxy statement/prospectus. Investing in the Post-Closing Company common stock involves a high degree of risk. The following risk factors apply to the business and operations of PlusAI and will also apply to the business and operations of the Post-Closing Company following the completion of the business combination. The occurrence of one or more of the events or circumstances described in these risk factors, alone or in combination with other events or circumstances, may adversely affect the ability to complete or realize the anticipated benefits of the business combination, and may adversely affect the business, prospects, financial condition, results of operations of the Post-Closing Company. In that case, the trading price of Post-Closing Company Class A common stock may decline, and you may lose all or part of your investment. You should also carefully consider the following risk factors in addition to the other information included in this proxy statement/prospectus, including matters addressed in the section entitled “Cautionary Note Regarding Forward-Looking Statements.” CCIX or PlusAI may face additional risks and uncertainties that are not presently known to CCIX or PlusAI, or that CCIX and PlusAI currently deem immaterial, which may also impair CCIX’s or PlusAI’s business or financial condition. The following discussion should be read in conjunction with the financial statements and notes to the financial statements included herein.

Risks Related to PlusAI

For purposes of this subsection only, unless the context otherwise requires, all references in this section to “PlusAI,” the “Company,” “we,” “us” or “our” refer to the business of PlusAI prior to the consummation of the business combination, which will be the business of the Post-Closing Company and its subsidiaries following the consummation of the business combination.

Risks Related to Our Technology, Business Model and Industry

Autonomous driving technology is an emerging technology, and we face significant technical challenges to commercialize our technology. If we cannot successfully overcome those challenges or do so on a timely basis, our ability to grow our business will be negatively impacted.

Autonomous driving technology is an emerging technology and presents major engineering challenges. The industry faces significant technical and commercial challenges, including demand for driving performance superior to human drivers, significant capital requirements, long development lead times