Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 327

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 327
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. federal income tax consequences of the Domestication pursuant to Section 367 of the Code or the PFIC rules. Because the components of a CCIX Unit are generally separable at the option of the holder, the holder of a CCIX Unit generally should be treated, for U.S. federal income tax purposes, as the owner of the underlying CCIX Class A Ordinary Share and CCIX Warrant components of the CCIX Unit, and the discussion below with respect to actual Holders of CCIX Class A Ordinary Shares and CCIX Warrants also should apply to holders of CCIX Units (as the deemed owners of the underlying CCIX Class A Ordinary Shares and CCIX Warrants that constitute the CCIX Units). Accordingly, the separation of a CCIX Unit into one CCIX Class A Ordinary Share and the one-quarter of one CCIX

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Warrant underlying the CCIX Unit generally should not be a taxable event for U.S. federal income tax purposes. This position is not free from doubt, and no assurance can be given that the IRS would not assert, or that a court would not sustain, a contrary position. Holders of CCIX Units are urged to consult their tax advisors concerning the U.S. federal, state, local and any non-U.S. tax consequences of the transactions contemplated by the Domestication and the business combination (including the exercise of any redemption rights) with respect to any CCIX Class A Ordinary Shares and CCIX Warrants held through CCIX Units (including alternative characterizations of CCIX Units). Tax Treatment of the Domestication Subject to the limitations set forth herein, the Domestication should qualify as a “reorganization” within the meaning of Section 368(a)(1)(F) of the Code. A transaction qualifies as a reorganization within the meaning of Section 368(a) (1)(F) of the Code if it is a “mere change in identity, form, or place of organization of one corporation, however effected” (an “ F Reorganization ”). Pursuant to the Domestication, CCIX will change its jurisdiction of incorporation from the Cayman Islands to Delaware, and, in connection with the Closing of the Merger, will be renamed “PlusAI Holdings, Inc.” The U.S. federal income tax consequences of the Domestication to the Holders will depend primarily upon whether the Domestication qualifies as an F Reorganization. However, due to the absence of direct guidance, these results are not entirely clear. The discussion below neither binds