Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 556

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 556
---
 subject to limitations prescribed by Delaware law, to issue shares of authorized but unissued preferred stock in one or more series, and to fix the designations, powers, preferences and rights, and the qualifications, limitations or restrictions thereof, in each case without further vote or action by its stockholders. These powers, rights, preferences and privileges could include dividend rights, dividend rate, conversion rights, voting rights, rights and terms of redemption (including sinking fund provisions), redemption price(s) and liquidation preferences, and the number of shares constituting any series or the designation of such series, any or all of which may be greater than the rights of the common stock. The issuance of preferred stock could adversely affect the voting power of holders of common stock and the likelihood that such holders will receive dividend payments and payments upon liquidation. In addition, the issuance of preferred stock could have the effect of delaying, deferring or preventing a change in our control or other corporate action. As of the Closing, no shares of preferred stock will be outstanding.

Options

As of September 30, 2025, we had outstanding options to purchase an aggregate of 116,268,641 shares of Plus Class A common stock, with a weighted-average exercise price of $0.04 per share, under our 2017 Plan and 2021 Plan.

Restricted Stock Units

As of September 30, 2025, we had 129,867,598 shares of Plus Class A common stock subject to outstanding RSUs under our 2021 Plan.

Warrants

CCIX Warrants

In connection with the business combination and pursuant to the Domestication, each CCIX Warrant that is issued and outstanding will be converted into a CCIX Delaware Warrant to acquire a corresponding number of shares of CCIX Class A Common Stock, on a one-for-one basis, pursuant to the terms of the warrant agreement and each of the then issued and outstanding CCIX Units will be cancelled and each holder of CCIX Units will be entitled to one share of CCIX Class A Common Stock and one-quarter of one CCIX Delaware Warrant. No fractional CCIX Delaware Warrants will be issued upon cancellation. Upon the Closing, the CCIX Delaware Warrants will be assumed by the Post-Closing Company and will become Post-Closing Company warrants.

An estimated shares of CCIX Class A Common Stock will be reserved for potential future issuance of CCIX Class A Common Stock upon the exercise of the CCIX Delaware Warrants.

As of , 2025, there were CC