Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 689

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 689
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 1,076 |   |
| Settlement in equity                |     |   | (1,305 | ) |
| Liability as of December 31, 2024   |     |   |    451 |   |
| Change in fair value                |     |   |    294 |   |
| Settlement in equity                |     |   |   (244 | ) |
| Foreign currency remeasurement loss |     |   |     13 |   |
| Liability as of June 30, 2025       |     | $ |    514 |   |

Treasury Bills U.S. Treasury bills are classified as cash equivalents if the maturities at the date of purchase are three months or less. If the maturities of U.S. Treasury bills are greater than three months and less than 12 months at the date of purchase, they are classified short term investments. The Company obtains pricing information from its investment manager and generally determines the fair value of available-for-sale securities using standard observable inputs, including reported trades, broker/dealer quotes, and bids and/or offers. All such inputs are considered as Level 1 in the fair value hierarchy. Short-Term Marketable Securities As of December 31, 2023, December 31, 2024, and June 30, 2025, the fair value of the Company’s holdings in shares of Luminar’s marketable equity securities are based upon quoted market prices and considered a Level 1 asset in the fair value hierarchy. Warrant Liabilities The Company estimated the fair value of warrant liabilities using a combination of the binomial lattice model and a waterfall proceeds analysis based on estimated probabilities assigned to different exit scenarios, including an initial public offering or other settlement alternatives, as these events became known or knowable as of the valuation date. The following are the unobservable inputs used in the binomial lattice model:

|                          |     | 2023 | December 31, |   |     | 2024 |         |   |     | 2025 | June 30, |   |
|:-------------------------|:----|:-----|-------------:|:--|:----|:-----|--------:|:--|:----|:-----|---------:|:--|
| Exercise Price           |     | $    |      0.46647 |   |     | $    | 0.46647 |   |     | $    |  0.46647 |   |