Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 586

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 586
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,187,500 CCIX Class B Ordinary Shares issued and outstanding as of September 30, 2025. The beneficial ownership of PlusAI common stock pre-business combination is based on 1,074,748,763 shares of PlusAI Class A common stock (including shares directly or indirectly issuable upon conversion of 286,390,474 shares of the PlusAI LV preferred stock) and 328,672,100 shares of PlusAI Class B common stock issued and outstanding as of September 30, 2025.

The expected beneficial ownership of the Post-Closing Company common stock post-business combination assumes four scenarios:

No Redemptions . This scenario assumes no redemption of the 28,750,000 CCIX public shares. We have estimated that there would be 126,221,812 shares of Post-Closing Company Class A common stock and 23,477,333 shares of Post-Closing Company Class B common stock issued and outstanding in the No Redemption Scenario.

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

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proceeds of $76.1 million. We have estimated that there would be 119,034,312 shares of Post-Closing Company Class A common stock and 23,477,333 shares of Post-Closing Company Class B common stock issued and outstanding in the 25% Redemptions Scenario.

50% Redemptions . This scenario assumes that holders of 14,375,000 CCIX public shares, or 50% of the remaining shares outstanding held by CCIX public shareholders, will exercise their redemption rights for aggregate redemption proceeds of $152.3 million. We have estimated that there would be 111,846,812 shares of Post-Closing Company Class A common stock and 23,477,333 shares of Post-Closing Company Class B common stock issued and outstanding in the 50% Redemptions Scenario.

Maximum Redemptions . This scenario assumes that holders of 25,954,624 CCIX public shares, or 90% of the remaining shares held by CCIX public shareholders subject to possible redemption will exercise their redemption rights for aggregate redemption proceeds of $274.9 million. The Maximum Redemptions scenario is based on the maximum number of redemptions that may occur to meet the CCIX Net Tangible Asset closing condition.