Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 492

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 492
---
. Cash Flows for the Periods Presented in Audited Consolidated Financial Statements The following table summarizes our consolidated cash flows for the periods presented:

|                                                     | (in thousands) |   |  Five Months 
        Ended 
 December 31, 
         2023 |   |     |   |   Year Ended 
 December 31, 
         2024 |   |     |   | Six Months Ended 
    June 30, 2025 |   |
|:----------------------------------------------------|:---------------|:--|-------------:|:--|:----|:--|-------------:|:--|:----|:--|-----------------:|:--|
| Net cash used in operating activities               |                | $ |      (16,594 | ) |     | $ |      (44,246 | ) |     | $ |          (36,460 | ) |
| Net cash provided by (used in) investing activities |                |   |       10,503 |   |     |   |       (1,189 | ) |     |   |             (689 | ) |
| Net cash provided by (used in) financing activities |                |   |      (30,033 | ) |     |   |       16,670 |   |     |   |            2,761 |   |
| Net decrease in cash and cash equivalents           |                | $ |      (36,124 | ) |     | $ |      (28,765 | ) |     | $ |          (34,388 | ) |

<div align='center'>313</div>

Overview of PlusAI Cash Flows for the Periods Presented in Audited Consolidated Financial Statements

To fund our operations and repay liabilities related to the Restructuring through June 30, 2025, we relied on $114.5 million in cash and cash equivalents as of August 1, 2023, as well as significant cash inflows from financing activities between January 1, 2024 and June 30, 2025, primarily from the issuance of SAFEs, and significant cash inflows from investing activities during the five months ended December 31, 2023 related to sales of marketable securities.

Material Adjustments for Non-Cash Investing and Financing Activities

During the five months ended December 31, 2023, the year ended December 31, 2024, and the six months ended June 30, 2025, we recorded