Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 501

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 501
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ion to the redemption value that require (1) a higher degree of judgment in estimating their fair values as of each reporting period and (2) the use of valuation models that are dependent on management estimates and assumptions, primarily related to expected volatility, expected term, probabilities of triggering events, discount rates and risk-free interest rates. Generally, expected volatility is determined based on the historical equity volatility of comparable companies over a period that matches the expected term of the instrument. The expected term is based on the contractual term or management’s best estimate based on the timing of certain events. The probability of a triggering event is based on management’s best estimate of the likelihood that the underlying events will occur. The discount interest rate is generally based on the rate implied by the transaction and comparable companies, and the risk-free interest rate is based on relevant U.S. Treasury rates for a period matching the expected term of the instrument. If actual results differ from our estimates or assumptions, the valuations underlying the issued financial instruments could be materially different.

Recent Accounting Pronouncements

See Note 2 to our audited consolidated financial statements included elsewhere in this proxy statement/prospectus for recently adopted accounting pronouncements and recently issued accounting pronouncements not yet adopted as of the date of this proxy statement/prospectus.

One Big Beautiful Bill Act

In July 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law. We are in the process of evaluating the potential impact of the OBBBA legislation on our financial position, results of operations, and cash flows. However, due to our taxable loss position and valuation allowance on its deferred tax assets, the OBBBA is not expected to have a material impact on our consolidated financial statements and related disclosures.

Corporate Tax Restructuring

The Company is undergoing an internal corporate restructuring to provide greater operational and tax efficiency through restructuring of the holdings of certain subsidiaries of the Company Group (as defined in the Company’s amended and restated certificate of incorporation, as currently in effect) pursuant to which, among other steps, (1) Plus Germany will be contributed to Plus Ireland and Plus Germany Holdings LLC, a Delaware limited liability company (“Plus Germany DE”), will be dissolved, (2) ownership of up to 2% of Plus Ireland will be transferred to PlusAI, Inc., a Delaware company (“DE Sub”), in exchange for certain intellectual property, (3) Plus Holdings Ltd., a Cayman Islands exempted company, will be dissolved, and (4) the shares of DE Sub will be distributed to the