Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 707

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 707
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| Dividend Yield                |     | —          |

Payment in Shares under Collaboration Agreement In December 2023, the Company entered into a collaboration agreement (“ CA ”) with a third-party related to the development and integration of the Company’s technology. Under the CA, the Company may receive certain materials and technical assistance services from this third-party and settle the required fees in cash or shares. The number of shares issuable is determined as a fixed dollar amount based on the services that the Company elects to settle in shares (“ TAS Costs ”), up to $10.0 million (“ Threshold ”). If the Company executes Series D financing, the shares subject to the TAS Costs will be issued in the form of Series D redeemable convertible preferred stock. Upon the de-SPAC Transaction discussed in Note 1, the Company will be required to issue all shares subject to the Threshold in the form of common stock of the successor entity based on the implied fair value per share of the Company’s common stock. These shares will become vested only to the extent that there are outstanding TAS Costs, and will vest in the future, as the Company consumes additional TAS Costs, up to the Threshold amount. The Company is required to use reasonable efforts to reach the Threshold by December 31, 2029. As of June 30, 2025, the outstanding TAS Costs liability was $0.2 million. 14. Income Taxes The components of loss before provision for income taxes are as follows:

| (in thousands)                         |     | For the Five 
 Months Ended 
 December 31, 
 2023         |         |   |     | For the Year 
 Ended        
 December 31, 
 2024         |         |   |     | For the Six  
 Months Ended 
 June 30,     
 2025         |         |   |
|:---------------------------------------|:----|:-------------|:--------|:--|:----|:-------------|--------:|:--|:----|:-------------|:--------|:--|
| Domestic                               |     | $            | (8,061  | ) |     | $            | (62,043 | ) |     | $            | (48,236 | ) |
| Foreign                                |     |              | (7,278  | ) |     |              |     919 |   |     |              | (8,623  | ) |
| Loss before provision for income taxes |     | $            | (15,339 |