Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 255

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 255
---
 Trust Company (the “Exchange Agent”) evidence in book-entry form of shares of Post-Closing Company common stock representing the number of shares of Post-Closing Company common stock sufficient to deliver the Merger Consideration (as defined in the Merger Agreement).

At or prior to the Effective Time, CCIX will instruct the Exchange Agent to issue to each PlusAI shareholder the portion of the Merger Consideration to which that PlusAI shareholder is entitled to at the Closing pursuant to the Merger Agreement at or promptly after the Closing.

Notwithstanding anything to the contrary as described in the Merger Agreement, no fraction of a share of CCIX Class A Common Stock will be issued by virtue of the Merger Agreement or the Transactions, and each PlusAI shareholder that would otherwise be entitled to a fraction of a share of CCIX Class A Common Stock (after aggregating all CCIX Class A Ordinary Shares to which such PlusAI shareholder otherwise would be entitled) will instead have

<div align='center'>143</div>

the number of CCIX Class A Ordinary Shares issued to such PlusAI shareholder rounded up or down to the nearest whole share of CCIX Class A Common Stock (with 0.5 of a share or greater rounded up), as applicable.

Treatment of PlusAI Options, PlusAI RSUs and PlusAI Warrants

Except as the parties may otherwise mutually agree, at the Effective Time, each outstanding and unexercised PlusAI option (whether or not vested) will be assumed by the Post-Closing Company and become an option to purchase shares of Post-Closing Company Class A common stock with respect to assumed options granted under the 2017 Plan and Class B common stock with respect to assumed options granted under the 2021 Plan, on the same terms and conditions (including applicable vesting, exercise and expiration provisions) as applied to each such option immediately prior to the Effective Time, except that (1) the number of shares of Post-Closing Company common stock subject to such option will equal the product of (a) the number of shares of PlusAI common stock that were subject to such option immediately prior to the Effective Time multiplied by (b) the Exchange Ratio, rounded down to the nearest whole share, and (2) the per share exercise price will equal the quotient of (a) the exercise price per share of PlusAI common stock at which such option was exercisable immediately prior to the Effective Time, divided by (b) the Exchange Ratio, rounded up to the nearest whole cent. All incentive stock options will