Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 734

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 734
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2025, the date on which these unaudited condensed consolidated financial statements were available to be issued. Other than those noted below, no subsequent events have been identified for disclosure.

Simple Agreements for Future Equity

Subsequent to September 30, 2025, the Company received gross proceeds of $22.0 million for SAFEs with seven investors. These SAFEs have no interest rate or maturity dates, and the holders have no voting rights prior to conversion. These SAFEs are automatically convertible into common stock of the Company immediately prior to the closing of the de-SPAC Transaction at a discounted rate of 70%, representing a 30% discount to the implied price per share of the Company’s common stock. Upon a liquidity event, such as a change of control, direct listing, or initial public offering of the Company, the holders may receive their initial investment in cash or shares of the Company at a discount of 30% to the implied price per share of the Company’s common stock or, in certain cases, the lesser of (1) a discount of 30% to the implied price per share of the Company’s common stock and (2) $1,200,000,000 divided by the Company’s fully diluted capitalization. Certain of the SAFEs are also convertible into common stock of the Company in connection with a preferred stock or common stock financing or if the SAFE otherwise is not converted within 18 months of issuance. Upon a liquidation, each SAFE has a liquidation priority on par with other similar outstanding instruments issued by the Company. Additionally, one SAFE with a purchase amount of $9.0 million includes a protective provision that allows its investor to require the Company to amend the terms of the SAFE to align with any future convertible securities issued by the Company that have terms deemed more favorable than those of the original agreement.

<div align='center'>F-107</div>

Annex A

<div align='center'>AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

by and among

CHURCHILL CAPITAL CORP IX,

AL MERGER SUB I, INC.,

AL MERGER SUB II, LLC

and

PLUS AUTOMATION, INC.

dated as of

June 5, 2025</div>

TABLE OF CONTENTS

|           |               |                                                |                                                         | Page |
| Article 1 |               | Certain Definitions                            |                                                         | A-2  |
|           | Section 1.01. |                                                | Definitions                                             | A-2