Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 116

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 116
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11.4 million incurred by PlusAI prior to, or concurrent with, the closing.

50% Redemption Scenario

These figures assume that (1) CCIX public shareholders holding an aggregate of 14,375,000 CCIX public shares exercise their redemption rights in connection with the Transactions, (2) the Post-Closing Company issues 113,036,645 shares of Post-Closing Company common stock to PlusAI stockholders (which includes holders of PlusAI preferred stock, PlusAI common stock, and PlusAI SAFEs, that, pursuant to the Conversion, are converted to PlusAI common stock immediately prior to the Merger), and (3) there has been no additional incremental financing raised by PlusAI. If the actual facts are different from these assumptions, then the amounts and shares outstanding after the Closing will be different and those changes could be material.

|                                       |     | Sources         
 ($ in millions) |         |     |                                                                    |     | Uses            
 ($ in millions) |         |
|:--------------------------------------|:----|:----------------|--------:|:----|:-------------------------------------------------------------------|:----|:----------------|--------:|
| Implied Seller Rollover Equity value  |     | $               | 1,200.0 |     | Implied Seller Rollover Equity value                               |     | $               | 1,200.0 |
| Cash in trust account stockholders(1) |     |                 |   304.5 |     | Cash to balance sheet                                              |     |                 |   155.4 |
| Existing Cash Balances                |     |                 |    39.6 |     | Transaction expenses(2)(3)                                         |     |                 |    36.4 |
|                                       |     |                 |         |     | Redemption of CCIX Class A shares held by CCIX public shareholders |     |                 |   152.3 |
| Total sources                         |     | $               | 1,544.1 |     | Total uses                                                         |     | $               | 1,544.1 |

(1) Represents the trust account balance of $304.5 million as of September 30, 2025.

(2) Reflects the cash disbursement for the preliminary estimated direct and incremental transaction costs of $25.0 million to be incurred by CCIX prior to, or concurrent with, the closing, including (a) the deferred underwriting fees, (b) capital markets advisory fee payable, (c)