Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 118

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 118
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 $304.5 million as of September 30, 2025.

(2) Reflects the cash disbursement for the preliminary estimated direct and incremental transaction costs of $25.0 million to be incurred by CCIX prior to, or concurrent with, the closing, including (a) the deferred underwriting fees, (b) capital markets advisory fee payable, (c) other fees, costs and expenses related to the extension of directors’ and officers’ liability insurance by obtaining a six-year “tail” policy for CCIX current directors and officers and (d) repayments of amounts, if any, pursuant to the Working Capital Loans.

(3) Reflects preliminary estimated unpaid direct and incremental transaction costs of $11.4 million incurred by PlusAI prior to, or concurrent with, the closing.

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SUMMARY FINANCIAL DATA</div>

The following selected unaudited summary condensed combined financial data (the “summary financial data”) gives effect to the business combination and other events contemplated by the business combination and the Transaction Accounting Adjustments in Note 3, as described in the section entitled “Unaudited Pro Forma Condensed Combined Financial Information” included elsewhere in this proxy statement/prospectus. On June 5, 2025, CCIX and PlusAI entered into the Merger Agreement. Pursuant to the terms of the Merger Agreement, CCIX will acquire PlusAI through the statutory merger of Merger Sub with and into PlusAI, with PlusAI surviving the merger as a wholly owned subsidiary of CCIX. The Closing Merger Consideration will have an Equity Value of $1.2 billion. At the effective time of the Merger, each share of PlusAI common stock will be automatically surrendered and exchanged for the right to receive a number of shares of the Post-Company Class A common stock and Post-Company Class B common stock equal to the Exchange Ratio, calculated in accordance with the terms of the Merger Agreement. For purposes of the pro forma condensed combined financial information presented, CCIX currently estimates the Exchange Ratio to be approximately 0.0700.

The Merger is expected to be accounted for as a reverse recapitalization in accordance with GAAP because PlusAI has been determined to be the accounting acquirer under all redemption scenarios presented.

The unaudited pro forma condensed combined balance sheet as of September 30, 2025 combines the historical unaudited condensed consolidated balance sheet of PlusAI with the historical unaudited condensed consolidated balance sheet of CC