Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 334

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 334
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, on the date of the Domestication, is not a 10% U.S. Shareholder and whose CCIX Class A Ordinary Shares have a fair market value of less than $50,000 on the date of the Domestication generally should not be required by Section 367(b) of the Code and the Treasury Regulations promulgated thereunder to recognize any gain or loss or include any part of the “all earnings and profits amount” in income in connection with the Domestication. However, such U.S. Holder may be subject to taxation under the PFIC rules as discussed below under the section entitled “ — PFIC Considerations .” Tax Consequences for U.S. Holders of CCIX Warrants Assuming the Domestication qualifies as an F Reorganization, subject to the considerations described above under the section entitled “ — Effects of Section 367 to U.S. Holders of CCIX Class A Ordinary Shares — U.S. Holders Who Own 10 Percent or More (By Vote or Value) of CCIX Shares ” relating to a U.S. Holder’s ownership of CCIX Warrants being taken into account in determining whether such U.S. Holder is a 10% U.S. Shareholder for purposes of Section 367(b) of the Code and the considerations described below under the section entitled “— PFIC Considerations ” relating to the PFIC rules, a U.S. Holder of CCIX Warrants should not be subject to U.S. federal income tax with respect to the exchange of CCIX Warrants for CCIX Delaware Warrants in the Domestication.

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All U.S. Holders are urged to consult their tax advisors with respect to the effect of Section 367 of the Code to their particular circumstances. PFIC Considerations Regardless of whether the Domestication qualifies as an F Reorganization (and, if the Domestication qualifies as an F Reorganization, in addition to the discussion above under the section entitled “— Effects of Section 367 to U.S. Holders of CCIX Class A Ordinary Shares ”), the Domestication could be a taxable event to U.S. Holders under the PFIC provisions of the Code if CCIX is considered a PFIC. Definition of a PFIC . A foreign (i.e., non-United States) corporation will be classified as a PFIC for U.S. federal income tax purposes if either (1) at least 75% of its gross income in a taxable year, including its pro rata share of