Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 548

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 548
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 related to the business combination and Transactions: (Q) Reflects the elimination of investment income related to the investments held in the Trust Account under each of the redemption scenarios. (R) Reflects $14.9 million of estimated CCIX direct and incremental transaction costs for underwriting, capital market advisor, and other fees reflected in the unaudited pro forma condensed combined statement of operations adjusted through the Closing of business combination under each of the redemption scenarios. (S) Reflects the recognition of unrecognized stock-based compensation during the year ended December 31, 2024 related to PlusAI RSUs with service and performance conditions that vest upon closing of the business combination under each of the redemption scenarios. (T) Reflects the elimination of remeasurement losses on PlusAI SAFEs under each of the redemption scenarios. (U) Reflects the elimination of remeasurement losses on PlusAI warrants under each of the redemption scenarios. (V) Reflects the elimination of accretion on PlusAI preferred stock under each of the redemption scenarios. (W) Reflects the calculation of weighted average shares outstanding for basic and diluted net loss per share and assumes that the business combination had occurred on January 1, 2024, and the calculation of weighted average shares outstanding for basic and diluted net loss per share assumes that the shares have been outstanding for the entire period presented (refer to Note 5). 5. Net Loss Per Share Represents the net loss per share calculated using the historical weighted average shares outstanding and the issuance of additional shares in connection with the business combination and other transactions, assuming the shares were outstanding since January 1, 2024. As the business combination and Transactions are being reflected as if they had occurred as of January 1, 2024, the calculation of weighted average shares outstanding for basic and diluted net loss per share assumes that the shares issuable relating to the business combination and Transactions have been outstanding for the entire periods presented. Under the 25% Redemption, 50% Redemption and Maximum Redemption scenarios, the shares of the Post-Closing Company common stock assumed to be redeemed by CCIX public shareholders are eliminated as of January 1, 2024. The unaudited pro forma condensed combined financial information has been prepared assuming the four redemption scenarios for the nine months ended September 30, 2025 (in thousands, except share and per share amounts):

|                                                              |     | For the nine months ended September 30, 2025 |             |   |     |                |             |   |