Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 257

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 257
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 23,007,047 shares resulting from the outstanding PlusAI Class B common stock, (c) 66,678,405 shares from conversion of PlusAI preferred 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 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. Deferred Underwriting Fees Approximately $10.1 million of the CCIX IPO underwriting fee was deferred and conditioned upon completion of an initial business combination, which fees are not impacted by the size of any such transaction or the level of redemptions associated therewith. As of the date of this proxy statement/prospectus, Citi, the representative of the several underwriters in the CCIX IPO, has waived any claim to the deferred underwriting fees payable to it pursuant to the Underwriting Agreement, representing approximately $8.1 million, in connection with its underwriting services performed in connection with the CCIX IPO, subject to its receipt of the $7.0 million Capital Markets Advisory Fee payable upon the closing of the Transactions. CCIX and Citi have entered into an engagement letter under which Citi will provide capital markets advisory services to CCIX in connection with the Transactions, and the Capital Markets Advisory Fee will be payable upon the closing of the Transactions and Citi shall be eligible for an additional incentive fee of up to $3.0 million payable solely at the discretion of CCIX and PlusAI. The balance of the remaining deferred underwriting fees in the amount of approximately $2.0 million will be payable to the other underwriters in the CCIX IPO upon the closing of the Transactions. PlusAI Advisory Agreements PlusAI has entered into engagement letters with Canaccord Genuity LLC (“ Canaccord ”) and Northland Securities, Inc. (“ Northland ”) in connection with the business combination. Under the agreement with Canaccord, Canaccord will act as a financial and capital markets