Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 204

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 204
---
 operation of the Post-Closing Company following the business combination.

The CCIX Board was aware of and considered these interests, among other matters, in evaluating and negotiating the Transactions, in reaching the determination that the Transactions were advisable and fair to, and in the best interests of, CCIX and its shareholders, and in recommending to the CCIX shareholders that they vote “FOR” the proposals presented at the extraordinary general meeting.

Prior to the Closing, the Nasdaq or, after the Closing, the Nasdaq may delist CCIX Class A Ordinary Shares or Post-Closing Company Class A common stock, as applicable, from trading on its exchange, which could limit investors’ ability to transact in our securities and subject us to additional trading restrictions.

CCIX Class A Ordinary Shares are currently listed on the Nasdaq. We cannot assure you that CCIX Class A Ordinary Shares will continue to be listed on the Nasdaq in the future and prior to the business combination. In order to continue listing CCIX Class A Ordinary Shares on the Nasdaq prior to the business combination, we must maintain certain financial, distribution and stock price levels. Our continued eligibility for listing may depend on, among other things, the number of public shares that are redeemed in connection with the Transactions. There can be no assurance that the Post-Closing Company will be able to comply with the continued listing standards of the Nasdaq following the business combination. It is possible that the Post-Closing Company’s securities will cease to meet the Nasdaq’s listing requirements following the business combination. If, after the business combination, the Nasdaq delists Post-Closing Company Class A common stock from trading on its exchange for and the Post-Closing Company is unable to list such securities on another national securities exchange, we expect such securities could be quoted on an over-the-counter market.If this were to occur, the Post-Closing Company and its stockholders could face significant material adverse consequences including:

a limited availability of market quotations for the Post-Closing Company’s securities;

reduced liquidity for the Post-Closing Company’s securities;

a determination that Post-Closing Company Class A common stock is a “penny stock” which will require brokers trading in such securities to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market for the Post-Closing Company’s securities;

a limited amount of news and analyst coverage; and

a decreased ability to issue additional securities or obtain additional financing in the future.

The National Securities Markets Improvement Act of 1996, which is a