Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 82

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 82
---
 collaboration with its OEM partners; it has not yet generated revenue from SuperDrive and historical revenues are either nominal or based on discontinued operations or products. In support of this objective, PlusAI is actively engaged in joint development and validation programs with its global OEM partners pursuant to which PlusAI provides its SuperDrive virtual driver software to OEM partners, who integrate the technology directly into factory-built trucks. As the autonomous trucks are utilized, fleet operators pay OEMs a fee-per-mile under a Driver-as-a-Service (“DaaS”) model. This fee replaces—and is expected to reduce—the cost fleet operators currently bear for human drivers. PlusAI expects that its OEM partners will be contractually obligated to share a fixed portion of the DaaS fee with PlusAI, aligning PlusAI’s revenue with customer adoption and truck utilization. Over the long-term, this is expected to create a predictable and scalable revenue stream, similar to a software-as-a-service model.

PlusAI’s principal executive offices are located at 3315 Scott Boulevard, Suite 300, Santa Clara, CA 95054, and its telephone number is (408) 508-4758.

Emerging Growth Company

CCIX is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). As such, it is eligible to take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not “emerging growth companies” including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), reduced disclosure obligations regarding executive compensation in their periodic reports and this proxy statement/prospectus, and exemptions from the requirements of holding a non-binding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. If some investors find CCIX’s securities less attractive as a result, there may be a less active trading market for CCIX’s securities and the prices of its securities may be more volatile.

In addition, Section 107 of the JOBS Act also provides that an “emerging growth company” can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an “emerging growth company” can delay the adoption of certain