Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 293

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 293
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IX public shareholders will hold a minority position in the post-combination company (approximately %, assuming that no CCIX Class A Ordinary Shares are elected to be redeemed by CCIX shareholders), which may reduce the influence that CCIX’s current shareholders have on the management of CCIX. • Litigation . The possibility of litigation challenging the Transactions or that an adverse judgment granting injunctive relief could enjoin or otherwise interfere with the consummation of the Transactions. • Fees and Expenses . The fees and expenses associated with completing the Transactions. • Other Risks . Various other risks associated with the business of PlusAI, as described in the section entitled “ Risk Factors ” appearing elsewhere in this proxy statement. In addition to considering the factors described above, the CCIX Board also considered that: • Interests of Certain Persons . Some officers and directors of CCIX have interests in the Transactions as individuals that are in addition to, and that may be different from, the interests of CCIX shareholders (see section entitled “— Interests of Certain CCIX Persons in the Business Combination ”). CCIX’s independent directors reviewed and considered these interests during the negotiation of the business combination and in evaluating and unanimously approving, as members of the CCIX Board, the Merger Agreement, the related agreements to which CCIX is a party and the Transactions.

The CCIX Board concluded that the potential benefits that it expected CCIX and its shareholders to achieve as a result of the Transactions outweighed the potentially negative factors associated with the Transactions. The CCIX Board also noted that CCIX shareholders would have a substantial economic interest in the combined company (depending on the level of CCIX shareholders that sought redemption of their CCIX public shares into cash).Accordingly, the CCIX Board unanimously determined that the Merger Agreement, the related agreements to which CCIX is a party and the Transactions are fair to, and in the best interests of, CCIX and its shareholders.

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The PlusAI Board’s Reasons for the Approval of the Business Combination In reaching its decision to approve the business combination, the PlusAI Board consulted with PlusAI’s management, as well as its financial and legal advisors, and considered a number of factors, including its knowledge of PlusAI’s business, operations, financial condition, competitive position and prospects. Among the various factors that the PlusAI Board considered in favor of its decision are: • Other Alternatives . It is the belief of the PlusAI Board, after review of alternative strategic opportunities from time to time, including