Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 292

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 292
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 two directors designated by Sponsor (one of which to be designated as a Class II director and one of which to be designated as a Class III director) and (2) such other individuals determined by PlusAI, in its sole and exclusive discretion, provided that the citizenship of the members of the Post-Closing Company Board shall be such that CCIX will be free of foreign ownership, control or domination. The CCIX Board also considered a variety of uncertainties and risks and other potentially negative factors concerning the Transactions, including, but not limited to, the following: • Macroeconomic Risks . Macroeconomic uncertainty and the effects it could have on the combined company’s revenues. • Benefits May Not Be Achieved . The risk that the potential benefits of the Transactions may not be fully achieved or may not be achieved within the expected timeframe.

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• Timeline Risks . Deployment and commercialization of PlusAI’s technology may be delayed due to delays in PlusAI’s anticipated timeline for completion and validation of acceptable safety testing and measures for PlusAI technology and the development of plans for ensuring acceptable driver-out safety, delays in the production, reliability or revision of truck and computer hardware required for PlusAI’s technology from its partners or suppliers. • Technology Risks . Self-driving technology is an emerging technology, and there are technical challenges to commercialize the technology which may negatively impact PlusAI’s ability to grow its business. • Intellectual Property Risks . The value of the intellectual property associated with PlusAI’s technology is based in part on PlusAI’s ability to protect and enforce its patents and other proprietary rights, which is not guaranteed, and the inability to do so may expose PlusAI to the possible loss of a competitive advantage. • Liquidation . The risks and costs to CCIX if the business combination is not completed, including the risk of diverting management focus and resources from other business combination opportunities, which could result in CCIX being unable to effect a business combination within the completion window and force CCIX to liquidate. • Shareholder Vote . The risk that CCIX’s shareholders may object to and challenge the Transactions and take action that may prevent or delay the consummation of the Transactions, including to vote down the proposals at the extraordinary general meeting or redeem their shares. • Closing Conditions . The fact that completion of the Transactions is conditioned on the satisfaction of certain closing conditions that are not within CCIX’s control. • CCIX public shareholders Holding a Minority Position in the Post-Combination Company . The risk that CC