Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 699

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 699
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ation price in full to the holders of Preferred Shares, the remaining assets and funds of the Company available for distribution shall be distributed among all holders of common stock and Preferred Stock pro rata on an as-converted to common stock basis.

<div align='center'>F-71

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

Redemption Rights

The Series C, Series C-1, Series B, Series B-X, Series A-4, and Series A-4-X Preferred Stock held by investors owning at least 32,890,192 shares of common stock on an as-converted basis (“Major Investors”) are optionally redeemable, at any time after the earlier of: (1) November 18, 2026; (2) the relevant materials or information provided by the Company to the Major Investors is materially different from the actual situation, or there is any concealment, misleading information, misrepresentation or suspected fraud of the Company; (3) material breach by any group company or founder; (4) any material violation by any founder of any applicable laws; (5) the Company has lost or is unable to continue to maintain the necessary business qualifications to operate its business; (6) any of the founders resign from or disposes more than half of his/her shares of the Company; (7) the termination of employment of 50% or more of the key employees of the Company; or (8) any other class or series of shares becomes redeemable.

The Series A-3 and Series A-3-X Preferred Stock held by Major Investors are optionally redeemable, at any time after the earlier of: (1) the termination of employment of any founder with the Company; (2) any material breach by the Company, or any founder or founder entity; (3) the principal business of the Company being suspended for more than six months or permanently shut down, or lose any material license, permit or government approvals of the Company or the occurrence of any material adverse effect on the businesses of the Company; (4) any material violation by any founder or founder entity of any applicable laws; or (5) any other class or series of shares becomes redeemable.

The redemption value of each Series C, Series C-1, Series B, Series B-X, Series A-4, Series A-4-X, Series A-3 and Series A-3-X Preferred Stock is equal to the higher of:

the sum of (1) the original issue price of the respective series of Preferred