Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 290

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 290
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 a party and the Transactions, including the Merger, on the terms and subject to the conditions of the Merger Agreement, and (3) adopting a resolution recommending the business combination proposal be approved by CCIX shareholders, the CCIX Board considered and evaluated a number of factors, including the factors discussed below. The CCIX Board did not consider it practicable to, and did not attempt to, quantify or otherwise assign relative weights to the specific factors it considered in reaching its determination. In addition, individual directors may have given different weight to different factors. The CCIX Board viewed its decision as being based on all of the information available and the factors presented to and considered by it. This explanation of CCIX’s reasons for the Transactions and all other information presented in this section is forward-looking in nature and, therefore, should be read in light of the factors discussed in the section entitled “ Cautionary Note Regarding Forward-Looking Statements .” The CCIX Board considered a number of factors pertaining to the Transactions as generally supporting its decision to enter into the Merger Agreement, the related agreements to which CCIX is a party, and the Transactions, including but not limited to, the following material factors: • Reasonableness of Aggregate Consideration . Following a review of the financial data provided to CCIX, including PlusAI’s historical financial statements and certain unaudited prospective financial information, CCIX’s due diligence review of PlusAI’s business and the views of CCIX’s financial advisor (which supported CCIX management’s view regarding valuation), the CCIX Board considered the aggregate consideration to be paid and determined that the aggregate consideration was reasonable in light of such data and financial information.

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• Business and Financial Condition and Prospects . After conducting extensive due diligence, the CCIX Board and CCIX’s management team obtained a better understanding of PlusAI’s business, financial condition, management team and future growth prospects. The CCIX Board considered the results of the due diligence review of PlusAI’s business, as further described in “— Background of the Transaction ”, as well as PlusAI’s management team’s experience. The CCIX Board considered how these factors will enhance PlusAI’s ability to scale effectively and to execute upon and achieve its business plan.

• Experienced and Committed Management Team . The CCIX Board considered the fact that the Post-Closing Company is expected to be led by members of PlusAI’s senior management team, who have deep technology expertise and extensive experience in the artificial intelligence, autonomy and automotive