Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 288

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 288
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 video teleconference to consider the business combination. Representatives of Willkie confirmed that there were no material changes to the terms of the business combination reviewed with the CCIX Board at the previous meeting and that Ocean Tomo had informed representatives of Willkie that nothing had occurred since the June 2, 2025 meeting that would impact the conclusion of Ocean Tomo’s oral fairness opinion, which Ocean Tomo had delivered in writing that morning to the CCIX Board. CCIX’s management team confirmed its support of the business combination and recommended that the CCIX Board approve the Merger Agreement and other transaction documents. Upon a motion duly made and seconded, the CCIX Board unanimously (1) determined that it is in the best interests of CCIX and its shareholders, and declared it advisable, to enter into the Merger Agreement, (2) approved the Merger Agreement and the business combination, including the Merger, on the terms and subject to the conditions of the Merger Agreement and (iii) adopted a resolution recommending the Merger be adopted by CCIX’s shareholders. Shortly thereafter, and before the markets opened, the parties executed the Merger Agreement and the other related agreements. Promptly following the execution of such documentation, CCIX and PlusAI publicly announced the execution of the Merger Agreement and the business combination. On September 8, 2025, CCIX, Merger Sub I, Merger Sub II and PlusAI entered into Amendment No. 1 to the Merger Agreement (“ Amendment No. 1 ”) to clarify that shares of PlusAI common stock issued as a result of the exercise of PlusAI options issued pursuant to PlusAI’s 2021 Plan will be exchanged, at the Effective Time, for the right to receive a number of shares of Post-Closing Company Class B common stock equal to the Exchange Ratio.

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On September 18, 2025, CCIX, Merger Sub I, Merger Sub II and PlusAI entered into Amendment No. 2 to the Merger Agreement (“ Amendment No. 2 ”) to remove the closing condition that CCIX must have $100 million in Available Closing SPAC Closing Cash. On September 18, 2025, CCIX, the Sponsor and the Insiders entered into the Sponsor Agreement Amendment to remove certain provisions of the Sponsor Agreement which would have required 1,078,125 CCIX Founder Shares held by the Sponsor to become unvested as of the Closing and vested upon the occurrence of