Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 90

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 90
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Agreement is not valid, binding and in full force and effect, (2) that CCIX or PlusAI is in breach of or default under the Sponsor Agreement or (3) to terminate the Sponsor Agreement; and

since the date of the Merger Agreement, there must not have occurred a SPAC Material Adverse Effect with respect to CCIX which is continuing.

Waiver

Any party to the Merger Agreement may, at any time prior to the Closing, by action taken by its board of directors or equivalent governing body, or officers thereunto duly authorized, waive in writing any of its rights or conditions in its favor under the Merger Agreement. Notwithstanding the foregoing, pursuant to CCIX’s current articles of association, CCIX cannot consummate the business combination if it has less than $5,000,001 of net tangible assets remaining after the Closing.

The existence of the financial and personal interests of the directors may result in a conflict of interest on the part of one or more of them between what such director may believe is best for CCIX and what such director may believe is best for such director in determining whether or not to grant a waiver in a specific situation.

Termination

The Merger Agreement may be terminated and the Transactions abandoned, but not later than the Closing, as follows:

by mutual written consent of CCIX and PlusAI;

by CCIX if (1) the Transactions are not consummated on or before February 5, 2026 (the “ Termination Date ”), which may be automatically extended in the event that any action or legal proceeding for specific performance or other equitable relief by PlusAI with respect to the Merger Agreement or any other Transaction Agreement or (2) otherwise with respect to the Transactions is commenced or pending on or before February 5, 2026 until 30 days following the date on which a final, non-appealable order or judgment has been entered with respect to such action or legal proceeding, provided that CCIX’s failure to fulfill any obligation under the Merger Agreement is not the primary cause of, or did not primarily result in, the failure of the Closing to occur on or before the Termination Date (as it may be extended);

by PlusAI if the Transactions are not consummated on or before the Termination Date (as it may be extended), provided that PlusAI’s failure to fulfill any obligation under the Merger Agreement is not the primary cause of, or did not primarily result in, the failure of the