Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 226

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 226
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 foreign investors to make mandatory filings, to charge filing fees related to such filings and to self-initiate national security reviews of foreign direct and indirect investments in U.S. companies if the parties to that investment choose not to file voluntarily. If CFIUS determines an investment to be a threat to national security, CFIUS has the power to unwind or place restrictions on the investment. Whether CFIUS has jurisdiction to review an acquisition or investment transaction depends on, among other factors, the nature and structure of the transaction, including the level of beneficial ownership interest and the nature of any information or governance rights involved. For example, investments that result in “control” of a U.S. business by a foreign person always are subject to CFIUS jurisdiction. CFIUS’s expanded jurisdiction under the Foreign Investment Risk Review Modernization Act of 2018 and implementing regulations that became effective on February 13, 2020 expanded CFIUS jurisdiction to also cover, and require mandatory filings with respect to, certain investments that do not result in control of a U.S. business by a foreign person but afford certain foreign investors certain information or governance rights in a U.S. business that has the requisite nexus to “critical technologies,” “critical infrastructure” and/or “sensitive personal data.”

The business combination may be subject to CFIUS and/or other foreign direct investment regulatory review, which depends in large part on the ultimate share ownership of the Company and Post-Closing Company following the business combination, among other factors. If the business combination were to be subject to U.S. foreign direct investment review, CCIX risks national security-related regulatory intervention, before or after closing the transaction. For example, CFIUS may decide to modify or delay the business combination, impose conditions with respect to such business combination, request the President of the United States to order us to divest all or a portion of PlusAI if CCIX were to acquire it without first obtaining CFIUS approval or prohibit the business combination entirely. The time necessary for CFIUS or other agency review of the business combination or a decision to delay or prohibit the business combination may also prevent the business combination from occurring within the applicable time period required under CCIX’s certificate of incorporation. These risks may limit the attractiveness of, delay or prevent us from pursuing the business combination.

Moreover, the process of government review, whether by CFIUS or otherwise, could be lengthy, and CCIX has limited time to complete the business combination. If CCIX is unable to consummate the business combination within the