Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 714

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 714
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 value                                |     | $                                       |  18,764 |   |     | $    |  48,902 |   |
| Other receivables obtained in exchange for sale of long-term investment                                |     | $                                       |       — |   |     | $    |   2,000 |   |
| Purchase of property and equipment included in accounts payable                                        |     | $                                       |     460 |   |     | $    |      47 |   |
| Deferred offering costs included in accounts payable and accrued and other liabilities                 |     | $                                       |       — |   |     | $    |   5,909 |   |
| Reclassification of liability-classified stock options and restricted stock units to equity-classified |     | $                                       |   1,154 |   |     | $    |     667 |   |

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

<div align='center'>F-88

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

1. Organization and Nature of Operations

Nature of Business

Plus Automation, Inc. (“Plus Automation”) was incorporated in Delaware in March 2023 and is headquartered in California. Plus Automation and its consolidated subsidiaries are collectively referred to as the “Company” or “PlusAI”. The Company engages primarily in developing and providing self-driving technology and solutions for its customers and collaboration partners.

Churchill Agreement

On June 5, 2025, the Company entered into a definitive business combination agreement (“Business Combination Agreement”) with Churchill Capital Corp IV (“Churchill”), a publicly traded special purpose acquisition company (“SPAC”) listed on the National Association of Securities Dealers Automated Quotations exchange (“NASDAQ”) under the ticker symbol “CCIX.” Subject to the Business Combination Agreement closing, Merger Sub II., a wholly owned subsidiary of Churchill, will merge with and into the Company, with the Company surviving the merger as a wholly-owned subsidiary of Churchill (the “de-SPAC Transaction”). In connection with the de-SPAC Transaction, it is expected that Churchill will change its name to PlusAI Holdings, Inc., and the combined company is anticipated to be listed on the NASDAQ under the new ticker symbol “PLS”. The Company anticipates this transaction to be completed in early 2026, subject to customary closing conditions.

Liquidity and Going Concern

Since its inception, the Company has incurred net