Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 339

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 339
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, among other things, the provision by CCIX of a “PFIC Annual Information Statement” to such U.S. Holder. CCIX or the Post-Closing Company (as applicable) will endeavor to provide a requesting U.S. Holder such information the IRS may require, including a PFIC Annual Information Statement, for making or maintaining a QEF Election (or making a QEF Election along with a purging election) for CCIX’s taxable year that ends on the date of the Domestication (and prior taxable years), but there is no assurance that CCIX or the Post-Closing Company will timely provide such required information. As discussed above, a U.S. Holder is not able to make a QEF Election with respect to CCIX Warrants under current law. An Electing Shareholder generally would not be subject to the excess distribution regime discussed above with respect to their CCIX Class A Ordinary Shares. As a result, an Electing Shareholder generally should not recognize gain or loss as a result of the Domestication except to the extent described under “ — 3. Effects of Section 367 to U.S. Holders of CCIX Class A Ordinary Shares, ” and subject to the discussion above under “ — Tax Effects of the Domestication to U.S. Holders, ” but rather would include annually in gross income its pro rata share of the ordinary earnings and net capital gain of CCIX, whether or not such amounts are actually distributed. The impact of the PFIC rules on a U.S. Holder of CCIX Class A Ordinary Shares may also depend on whether the U.S. Holder has made a mark-to-market election under Section 1296 of the Code (an “ MTM Election ”). U.S. Holders who hold (actually or constructively) stock of a foreign corporation that is classified as a PFIC may elect to mark such stock to its market value each taxable year if such stock is “marketable stock,” generally, stock that is regularly traded on a stock exchange that is registered with the SEC, including the Nasdaq. No assurance can be given that CCIX Class A Ordinary Shares are considered to be marketable stock for purposes of the MTM Election for any taxable year or whether the other requirements of this election are satisfied. If such an election is available and has been made, such Electing Shareholder generally would not be subject to the excess distributions regime discussed above with respect to their CCIX Class A Ordinary Shares in connection with the Domestication. Instead, in general, such Electing