Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 475

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 475
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 of office space in Fremont, California and approximately 2,895 square feet of office space in Munich, Germany.

We lease all of our facilities and do not own any real estate. We believe that our existing facilities are adequate and suitable for our current needs and that, should it be needed, suitable additional or alternative space will be available as and when needed.

Legal Proceedings

From time to time, we may be subject to legal proceedings and claims arising in the ordinary course of our business. We are not currently a party to or aware of any proceedings that we believe will have, individually or in the aggregate, a material effect on our business, financial condition or results of operations.

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PLUSAI’S MANAGEMENT’S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

You should read the following discussion and analysis of financial condition and results of operations together with PlusAI’s audited consolidated financial statements, unaudited condensed consolidated financial statements, and the related notes appearing elsewhere in this proxy statement/prospectus. The discussion and analysis should also be read together with the section entitled “Information about Plus Automation, Inc.” and PlusAI’s unaudited pro forma condensed combined financial information. See “Unaudited Pro Forma Condensed Combined Financial Information.”

Prior to August 2023, PlusAI Corp (“Original Plus”) was the global parent company of the Original Plus’s global subsidiaries, including those focused on the Chinese Market (the “Plus Group”). On July 31, 2023, Original Plus and all of its then shareholders consummated a series of transactions which ultimately resulted in the divestiture of its operating entity in the People’s Republic of China, Plus PRC Holdings Ltd (the “Restructuring”). Prior to the Restructuring, the Plus Group business model was centered around a hardware-integrated autonomous driving system, with a focus on retrofitted trucks. Following the Restructuring, PlusAI shifted its geographic focus to the United States and Europe and changed its business to a software-based model focused on partnering with original equipment manufacturers (“OEMs”) to deploy its software solutions to new vehicles. As part of the Restructuring, Plus Automation, Inc., a holding company formed in 2023, became the parent company of the Plus Group, including Original Plus and the operating entities in the United States and Germany. On September 8, 2025, PlusAI agreed to sell to Full Truck Alliance Co. Ltd. (“FTA”)