Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 200

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 200
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 risk that the Merger may not occur as planned. Even if the Merger Agreement is approved by the shareholders of CCIX, specified conditions must be satisfied or waived before the parties to the Merger Agreement are obligated to complete the proposed business combination. CCIX does not control the satisfaction of all such conditions. For a summary of the conditions that must be satisfied or waived prior to completion of the business combination, please see the section entitled “Proposal No. 1 — The Business Combination Proposal — Certain Agreements Related to the Business Combination — Merger Agreement — Conditions to Closing General Conditions.” If the closing conditions are not satisfied or waived, the proposed business combination will not occur, or will be delayed pending later satisfaction or waiver, and such delay may cause CCIX and Plus to each lose some or all of the intended benefits of the proposed business combination and this could have significant material impact for our business.

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There may be significant redemptions by CCIX public shareholders in connection with the business combination, which may leave the combined company under-capitalized.

As of September 30, 2025, there was $304.5 million in the trust account. The Merger Agreement provides that the consummation of the business combination is conditioned upon CCIX having at least $5,000,001 of net tangible assets as of the Closing. There are no other closing conditions based on the amount of the Available Closing SPAC Cash or otherwise based on the amount remaining in the CCIX trust account following the exercise by CCIX public shareholders of their redemption rights.

There can be no assurances that we will be able to retain all of the cash in the trust account. In particular, if a significant number of CCIX public shareholders exercise their redemption right in connection with the business combination, the amount of cash left remaining in the trust account upon consummation of the business combination will be lower than contemplated. Raising additional financing, or increasing the equity portion of the aggregate consideration to be paid to PlusAI equityholders, in either case, if so authorized by PlusAI, may involve dilutive equity issuances or the incurrence of indebtedness at higher than desirable levels. These considerations may limit our ability to complete the business combination or optimize the Post-Closing Company’s capital structure. Any such shortfall will reduce the amount of available working capital for PlusAI, which may materially and adversely affect PlusAI’s business, financial condition and results of operations.

Our Sponsor and the Insiders have agreed to vote in favor of the