Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 64

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 64
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) will be subject to Section 367(b) of the Code in connection with the Domestication and, as a result:

a U.S. Holder who beneficially owns (directly, indirectly or constructively) 10% or more of the total combined voting power of all classes of CCIX shares entitled to vote or 10% or more of the total value of all classes of CCIX shares (a “ 10% U.S. Shareholder ”) on the date of the Domestication generally will be required to include in income as a deemed dividend deemed paid by CCIX the “all earnings and profits amount” (as defined in the Treasury Regulations under Section 367(b) of the Code) attributable to the CCIX Class A Ordinary Shares held directly by such U.S. Holder;

a U.S. Holder who, on the date of the Domestication, is not a 10% U.S. Shareholder and whose CCIX Class A Ordinary Shares have a fair market value of $50,000 or more on the date of the Domestication generally will recognize gain (but not loss) with respect to its CCIX Class A Ordinary Shares as if such U.S. Holder exchanged its CCIX Class A Ordinary Shares for CCIX Class A Common Stock in a taxable transaction unless such U.S. Holder elects in accordance with applicable Treasury Regulations to include in income as a deemed dividend deemed paid by CCIX the “all earnings and profits” amount attributable to such U.S. Holder’s CCIX Class A Ordinary Shares; and

a U.S. Holder who, on the date of the Domestication, is not a 10% U.S. Shareholder and whose CCIX Class A Ordinary Shares have a fair market value of less than $50,000 on the date of the Domestication generally will not recognize any gain or loss or include any part of the “all earnings and profits amount” in income under Section 367(b) of the Code in connection with the Domestication.

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CCIX does not expect to have significant cumulative earnings and profits, if any, on the date of the Domestication. However, the determination of earnings and profits is complex and may be impacted by numerous factors (including matters discussed in this proxy statement/prospectus). It is possible that the amount of CCIX’s cumulative net earnings and profits could be positive through the date of the Domestication.

As discussed more fully under “Proposal No. 1 — The Business Combination Proposal — Material U.S.