Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 286

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 286
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 Willkie, the accounting firm, the leading Global Consulting Firm and Ocean Tomo attended the meeting. During the meeting, representatives of Archimedes provided the CCIX Board with an update on CCIX’s discussions and negotiations with PlusAI. Representatives of Archimedes provided the CCIX Board with the preliminary results of CCIX’s due diligence review of PlusAI, including technical capabilities, market opportunity and capabilities of its management team. Representatives of the Global Consulting Firm then presented their analysis of the PlusAI business, commenting on the status of the autonomous vehicle market, the PlusAI business model, and the primary risks to the PlusAI business. Representatives of the accounting firm presented to the CCIX Board regarding the results of their financial, IT, cybersecurity and data privacy diligence that they had conducted on PlusAI. Representatives of Ocean Tomo then reviewed with the CCIX Board the scope of their valuation analyses of the Merger Consideration, additional information regarding Ocean Tomo’s expertise and information regarding the methods that Ocean Tomo would use to evaluate the fairness of the transaction to CCIX’s shareholders. A discussion then ensued during which the directors asked questions of the representatives of Ocean Tomo. Following such discussion, the representatives of Ocean Tomo noted for the CCIX Board that Ocean Tomo expected to be in a position to render its opinion that the aggregate consideration payable in the proposed business combination is fair, from a financial point of view, to CCIX’s shareholders (other than Sponsor), assuming there are no material changes to the terms of the business combination. After discussion, the CCIX Board authorized CCIX management to continue to pursue the proposed business combination with PlusAI. Following the meeting, CCIX and PlusAI and their representatives continued to negotiate the terms of the business combination and the Merger Agreement.

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On June 2, 2025, the CCIX Board met via video teleconference to discuss and evaluate the proposed business combination. Representatives of Ocean Tomo, Archimedes and Willkie attended the meeting. Representatives of Ocean Tomo reviewed its financial analyses of the Merger Consideration and rendered an oral opinion, confirmed by delivery of a written opinion dated June 5, 2025, to the CCIX Board to the effect that, as of that date and based on and subject to the matters considered, the procedures followed, the assumptions made and various limitations of and qualifications to the review undertaken, the Merger Consideration in connection with the Merger was fair, from a financial point of view,