Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 531

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 531
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 laws of the State of Delaware under the applicable provisions of the CCIX current articles of association, the Companies Act (As Revised) of the Cayman Islands, and the DGCL (the “ Domestication ”);

Merger of Merger Sub I with and into PlusAI, with PlusAI surviving the merger as a wholly-owned subsidiary of CCIX, and immediately thereafter, PlusAI will merge with and into Merger Sub II, with Merger Sub II continuing as the surviving entity as a wholly owned subsidiary of CCIX (collectively, the “ Merger ”); and

Other transactions contemplated by the Merger Agreement and documents related thereto as described in more detail below.

The Domestication

The Domestication will occur at least one business day prior to the Closing Date. Upon the Domestication, it is anticipated that CCIX will change its name to “PlusAI Holdings, Inc.” and is referred to as the “Post-Closing Company” as of the time following the Domestication. In connection with the Domestication, the following will take place:

Each issued and outstanding CCIX Class B Ordinary Share will convert, on a one-for-one basis, into one share of CCIX Class A Ordinary Share (the “ Sponsor Share Conversion ”);

Each CCIX Class A Ordinary Share issued and outstanding immediately prior to the Domestication, including the shares from the Sponsor Share Conversion, will remain outstanding and will automatically convert, on a one-for-one basis, into one Class A share of the Post-Closing Company (“ CCIX Class A Common Stock ”); and

Each of the issued and outstanding CCIX public warrants and CCIX private placement warrants will automatically convert into warrants to acquire a corresponding number of shares of the CCIX Class A Common Stock, on a one-for-one basis.

The Merger

On the day of the Closing (“Effective Time”), the Merger will occur, and the following will take place:

Immediately prior to the Closing, (1) all shares of PlusAI preferred stock will be converted into shares of PlusAI common stock (the “ Preferred Conversion ”) and (2) all outstanding PlusAI SAFEs will be converted into shares of PlusAI common stock in accordance with the terms of such PlusAI SAFEs, in each case pursuant to the terms of the Merger Agreement (the “SAFE Conversion” and, together with the Preferred Conversion, the “ Conversion ”).

Each share of PlusAI common stock, including shares of PlusAI common stock issued upon the Conversion and the vesting of certain restricted stock units of Plus