Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 727

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 727
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 these agreements is unknown because it involves claims that may be made against the Company in the future. To date, the Company has not paid any claims or been required to defend any action related to its indemnification obligations. As of September 30, 2025 and December 31, 2024, the Company did not have any material indemnification claims that were probable or reasonably possible.

<div align='center'>F-97</div>

Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines, penalties, and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. There are no matters currently outstanding for which any liabilities have been accrued as of September 30, 2025 and December 31, 2024. The Company is not currently involved in any legal actions that could have a material effect on the Company’s financial position, results of operations, or liquidity. 6. Long-Term Investment As of December 31, 2024, the Company held an aggregate of 476,635,210 redeemable Series A-X preferred shares of Plus PRC, which represented an approximate 23.44% equity interest on an as-converted basis and 7.11% by voting power. This minority investment in Plus PRC was not consolidated under the variable interest entity model as the Company is not determined to be the primary beneficiary. Additionally, the Company has not accounted for its Plus PRC investment under the equity method as it did not have the ability to exercise significant influence over Plus PRC. The Company previously accounted for this investment at cost less impairments, adjusted by observable price changes in orderly transactions for identical or similar investments. As of December 31, 2024, the carrying value of the investment in Plus PRC was $29.3 million. In September 2025, the Company agreed to sell to Full Truck Alliance Co. Ltd. (“ FTA ”) all 476,635,210 redeemable Series A-X preferred shares of Plus PRC for gross proceeds of $20.0 million, of which $2.0 million initially became subject to tax withholding pursuant to the People’s Republic of China (“ PRC ”) law. In connection with the definitive agreement for disposal of its investment in Plus PRC executed and negotiated in September 2025, the Company recorded an impairment of $9.3 million as of June 30, 2025. During the three months ended September 30,