Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 494

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 494
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 the year ended December 31, 2024 was $44.2 million. This amount consisted of our net loss of $61.1 million, partially offset by non-cash charges of $14.8 million and a change in net operating assets and liabilities of $2.1 million. Our non-cash charges primarily consisted of $4.1 million for stock-based compensation, $2.5 million for depreciation and amortization, a $2.4 million loss for a change in fair value of warrant liabilities, $2.1 million for non-cash lease expense, an $1.6 million unrealized loss on short-term marketable securities, $1.3 million for impairment of long-term investment, and a $0.8 million loss from a change in fair value of simple agreements for future equity. The net change in operating assets and liabilities was primarily due to a $4.3 million decrease in accounts and other receivables and a $1.2 million decrease in other noncurrent assets, a $0.8 million increase in accounts payable, partially offset by a $2.3 million decrease in operating lease liabilities, a $1.2 million decrease in advance payments, and $0.5 million from accrued and other liabilities.

Net cash used in operating activities for the six months ended June 30, 2025 was $36.5 million. This amount consisted of our net loss of $56.9 million, adjusted for a change in net operating assets and liabilities of $0.9 million,

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partially offset by non-cash charges of $21.3 million. Our non-cash charges primarily consisted of a $9.3 million for impairment of long-term investment, a $4.5 million loss from a change in fair value of warrant liabilities, a $4.7 million loss from a change in fair value of simple agreements for future equity, $1.1 million for non-cash lease expense, $1.0 million for depreciation and amortization, and $0.7 million for stock-based compensation. The net change in operating assets and liabilities was primarily due to a $1.3 million decrease in operating lease liabilities, a $0.9 million decrease in accrued compensation and benefits, a $0.8 million decrease in accrued and other liabilities, and a $0.5 million decrease in accounts payable, partially offset by a $1.6 million increase in discounted options liability, and a $0.9 million