Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 86

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 86
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 Merger Sub I or PlusAI immediately prior to the Effective Time (each, an “ Excluded Share ”) will automatically be cancelled or surrendered (as applicable) and no consideration will be paid or payable with respect thereto. For more information regarding the sources and uses of the funds utilized to consummate the business combination, please see the section entitled “ Proposal No. 1 — The Business Combination Proposal — Sources and Uses of Funds for the Transactions .” Exchange and Fractional Shares Immediately prior to or at the Effective Time, CCIX will deposit, or cause to be deposited, with Continental Stock Transfer & Trust Company (the “ Exchange Agent ”) evidence in book-entry form of shares of Post-Closing Company common stock representing the number of shares of Post-Closing Company common stock sufficient to deliver the Merger Consideration (as defined in the Merger Agreement). At or prior to the Effective Time, CCIX will instruct the Exchange Agent to issue to each PlusAI stockholder the portion of the Merger Consideration to which that PlusAI stockholder is entitled to at the Closing pursuant to the Merger Agreement at or promptly after the Closing. Notwithstanding anything to the contrary as described in the Merger Agreement, no fraction of a share of CCIX Class A Common Stock will be issued by virtue of the Merger Agreement or the Transactions, and each PlusAI stockholder that would otherwise be entitled to a fraction of a share of CCIX Class A Common Stock (after aggregating all CCIX Class A Ordinary Shares to which such PlusAI stockholder otherwise would be entitled) will instead have the number of CCIX Class A Ordinary Shares issued to such PlusAI stockholder rounded up or down to the nearest whole share of CCIX Class A Common Stock (with 0.5 of a share or greater rounded up), as applicable. Treatment of PlusAI Options, PlusAI RSUs and PlusAI Warrants Except as the parties may otherwise mutually agree, at the Effective Time, each outstanding and unexercised PlusAI option (whether or not vested) will be assumed by the Post-Closing Company and become an option to purchase shares of Post-Closing Company common stock, on the same terms and conditions (including applicable vesting, exercise and expiration provisions) as applied to each such option immediately prior to the Effective Time, except that (1) the number of shares of Post-Closing Company common stock subject to such option will equal (a) the number of shares of PlusAI common stock that were subject to such option immediately prior to