Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 215

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 215
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 underwritten initial public offering of PlusAI securities, the initial listing of the Post-Closing Company Class A common stock as a result of the business combination will not benefit from the following:

the book-building process undertaken by underwriters that helps to inform efficient price discovery with respect to opening trades of newly listed securities; and

underwriter support to help stabilize, maintain or affect the public price of the new issue immediately after listing.

The lack of such a process in connection with the listing of the Post-Closing Company’s securities could result in diminished investor demand, inefficiencies in pricing and a more volatile public price for Post-Closing Company’s securities during the period immediately following the listing than in connection with an underwritten initial public offering.

In addition, the Sponsor and the Insiders have interests in the business combination that may conflict with the interests of our stockholders and that would not be present in a traditional underwritten public offering of the Post-Closing Company Class A common stock. For further information, see the section entitled “Proposal No. 1 — The Business Combination Proposal — Interests of Certain CCIX Persons in the Business Combination.”

The estimated net cash per share of CCIX Ordinary Shares that will be contributed to the Post-Closing Company in the business combination is less than the redemption price.

Each CCIX public unit sold in the CCIX IPO at an offering price of $10.00 per CCIX public unit consisted of one CCIX public share and one-quarter of one CCIX public warrant. Of the proceeds we received from the CCIX IPO and the CCIX private placement, $287,500,000 was placed in our trust account. We will provide our shareholders the opportunity to redeem all or a portion of the CCIX public shares in connection with the completion of the business combination, and potentially upon the occurrence of certain other events prior to the business combination. We expect that the pro rata redemption price in any redemption will be approximately $ per CCIX public share as of , 2025 (before taxes payable, if any), representing a pro rata portion of our trust account without taking into account any interest or other income earned on such funds (less any withdrawals from such interest or income for taxes paid), although the redemption price may be less in certain circumstances. As a result, CCIX public shareholders who own our CCIX public shares on a redemption date can anticipate receiving the redemption price in connection with a redemption for each CCIX public share that they choose to redeem.

There can be no assurance that, after the business combination, the