Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 121

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 121
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 stock, (d) 6,422,993 shares from conversion of PlusAI SAFE instruments, (e) 6,137,683 shares from PlusAI common stock issuable upon vesting of PlusAI RSUs before any reduction of shares withheld to settle tax obligations, (f) 1,330,000 shares issuable upon exercise of PlusAI common stock options with nominal exercise price, and (g) 906,509 shares issuable in connection with the collaboration arrangement with IVECO. Assumes that the Equity

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Value is $1,200,000,000. Excludes up to 15,000,000 Earnout Shares that PlusAI stockholders will be eligible to receive upon satisfaction of certain milestones during the Earnout Period. If the actual facts are different than these assumptions, then the amounts and shares outstanding in the unaudited pro forma condensed combined financial information will be different and those changes could be material. The following summarizes summary financial data under the following scenarios presented:

| Selected Unaudited Pro Forma Condensed Combined Statement of Operations Data - Year Ended December 31, 2024         |     | No Redemption 
 Scenario      |             |   |     | 25% Redemption 
 Scenario       |             |   |     | 50% Redemption 
 Scenario       |             |   |     | Maximum Redemption 
 Scenario           |             |   |
|:--------------------------------------------------------------------------------------------------------------------|:----|:--------------|------------:|:--|:----|:---------------|------------:|:--|:----|:---------------|------------:|:--|:----|:-------------------|------------:|:--|
| Total operating expenses                                                                                            |     | $             |      90,148 |   |     | $              |      90,148 |   |     | $              |      90,148 |   |     | $                  |      90,148 |   |
| Loss from operations                                                                                                |     |               |     (90,016 | ) |     |                |     (90,016 | ) |     |                |     (90,016 | ) |     |                    |     (90,016 | ) |
| Net loss                                                                                                            |     |               |     (90,205 | ) |     |                |     (90,205 | ) |     |                |     (90,205 | ) |     |                    |     (90,205 | ) |
|