Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 558

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 558
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 public warrant, the holder of such CCIX public warrant will not be entitled to exercise such CCIX public warrant and such CCIX public warrant may have no value and expire without value to the holder. In no event will we be required to net cash settle any CCIX public warrant.

We have agreed that as soon as practicable, but in no event later than 15 business days, after the closing of the business combination, we will use our commercially reasonable efforts to file with the SEC a post-effective amendment to the registration statement, the issuance of the CCIX Class A Common Stock issuable upon exercise of the CCIX public warrants. We will use our commercially reasonable efforts to cause the same to become effective and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration or redemption of the CCIX public warrants in accordance with the provisions of the warrant agreement. Notwithstanding the above, if our shares of CCIX Class A Common Stock are at the time of any exercise of a CCIX public warrant not listed on a national securities exchange such that it satisfies the definition of a “covered security” under Section 18(b)(1) of the Securities Act, we may, at our option, require holders of CCIX public warrants who exercise their CCIX public warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event we so elect, we will not be required to file or maintain in effect a registration statement, but we will be required to use our commercially reasonable efforts to register or qualify the issuance of shares under applicable blue sky laws to the extent an exemption is not available. To exercise CCIX public warrants on a cashless basis, each holder would pay the exercise price by surrendering the warrants in exchange for a number of shares of CCIX common stock equal to the quotient obtained by dividing (1) the product of (a) the number of CCIX common stock underlying the CCIX public warrants, and (b) the excess of the “fair market value” (defined below) over the exercise price of the warrants by (2) such fair market value. Solely for the purposes of the preceding sentence, “fair market value” shall mean the 10-day average trading price as of the date on which the notice of exercise is received by the warrant agent.

Redemption of warrants for cash when the price per share of CCIX Class A Common Stock equals or exceeds $18.00.

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