Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 235

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 235
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 Excise Tax, repurchasing corporations are permitted to net the fair market value of certain new stock issuances (such as the shares of Post-Closing Company common stock being issued in the Merger) against the fair market value of stock repurchases during the same taxable year. In addition, certain exceptions apply to the Excise Tax.

Any redemption or other repurchase that we make after the Domestication may be subject to the Excise Tax. Whether and to what extent we would be subject to the Excise Tax would depend on a number of factors, including (1) the fair market value of the redemptions and repurchases in connection with the business combination, (2) the nature and amount of any equity issuances in connection with the business combination, including the Merger, and (3) the content of regulations and other guidance from the U.S. Department of Treasury. Prior to the consummation of the business combination, funds in the trust account, including any interest thereon, will not be used to pay for any Excise Tax. If we consummate the business combination, any Excise Taxes from redemptions of shares of CCIX public shares in connection with the business combination would reduce the funds available to PlusAI for working capital following the business combination.

If the Merger does not qualify as a “reorganization” for U.S. federal income tax purposes, U.S. Holders of PlusAI capital stock will be required to recognize gain or loss for U.S. federal income tax purposes upon the exchange of their PlusAI capital stock for Post-Closing Company common stock in the Merger.

The U.S. federal income tax consequences of the Merger to PlusAI U.S. holders generally will depend on whether the Merger qualifies as a “reorganization” for U.S. federal income tax purposes. If the Merger fails to qualify as a reorganization within the meaning of Section 368(a) of the Code, a PlusAI U.S. holder generally would recognize gain or loss for U.S. federal income tax purposes on each share of PlusAI capital stock surrendered in the Merger for Post-Closing Company common stock and the right to the Earnout Shares. For a more complete discussion of the material U.S. federal income tax consequences of the Merger, please carefully review the information set forth in the section titled “Material U.S. Federal Income Tax Considerations of the Merger” in this proxy statement/prospectus. Each PlusAI U.S. holder should consult its own tax advisor