Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 302

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 302
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 connection with various transactions and (2) has undertaken numerous engagements in the artificial intelligence, autonomy, and automotive spaces. The Opinion was provided for the information of, and directed to, the CCIX Board for its information and assistance in connection with the business combination. The full text of the Opinion is attached to this proxy statement/prospectus as Annex F and is incorporated into this document by reference. The summary of the Opinion set forth herein is qualified in its entirety by reference to the full text of the Opinion. CCIX’s shareholders are urged to read the Opinion carefully and in its entirety for a discussion of the procedures followed, assumptions made, matters considered, limitations of the review undertaken by Ocean Tomo in connection with the Opinion, as well as other qualifications contained in the Opinion. The full text of the Opinion and a summary of Ocean Tomo’s financial analysis is being included in this proxy statement/prospectus because it was provided to CCIX for their evaluation of the business combination. Scope of Analysis In connection with the Opinion, Ocean Tomo made such reviews, analyses, and inquiries as it deemed necessary and appropriate to enable Ocean Tomo to render the Opinion. Ocean Tomo also accounted for its assessment of general economic, market, technical, and financial conditions, as well as its experience in complex securities, technology, and business valuation, in general and with respect to similar transactions. Ocean Tomo’s procedures, investigations, and financial analyses with respect to the preparation of the Opinion included, but were not limited to, the items summarized below. Unless otherwise indicated below, the latest date on which PlusAI provided information to CCIX and Ocean Tomo for purposes of the Opinion was May 27, 2025. • Reviewed documents and information from PlusAI, CCIX, and public sources, including, but not limited to: o unaudited historical financial statements; o unit economics and deployment schedule information for fiscal years 2026 through 2035;

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o selling, marketing general and administrative expense and research and development expense, respectively, as a percentage of revenue for fiscal year 2030 and beyond; o company overview documents; o industry, government, and equity analyst reports and analyses; o government regulations for self-driving vehicles; o regulatory and licensing documents; o s upply chain information; o material agreements with third-parties and strategic relationships; o customer pipeline development; o corporate records; o employee records and agreements; o tax information; o press releases and news; o commissioned reports and analyses;