Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 711

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 711
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 will affect the effective tax rate if recognized due to the federal and state valuation allowance. The Company has not accrued any interest or penalties related to unrecognized tax benefits as of June 30, 2025. The Company's policy for classifying interest and penalties associated with unrecognized income tax benefits is to include such items in income tax expense. The Company believes that any change to unrecognized tax benefits in the next 12 months will not be material. The Company's major jurisdiction are the U.S. federal and state jurisdictions. As a result of the Company's tax attribute carryforwards, tax years 2018 through June 30, 2025 remain subject to examination for U.S. income tax purposes. 15. Segment Reporting and Geographic Information The Company is currently in a pre-commercial research and development phase and is focused on developing an autonomous driving technology platform. The CODM assesses performance and allocates resources by monitoring consolidated operating expenses, cash burn, and net loss against the operating plans approved by the board of directors and associated milestones. The CODM reviews actual-to-budget variances, as well as trended actuals for total operating expenses and uses this information to inform decisions on hiring pace, prioritization of specific research and development initiatives, capital expenditures, and overall cash runway management. Significant expenses include research and development, sales, marketing, general and administrative, which are separately presented on the Company’s consolidated statements of operations and comprehensive loss. The measure of segment assets is reported on the consolidated balance sheets as total assets. A summary of long-lived assets by geographic location for the consolidated balance sheet dates presented is as follows:

| (in thousands) |     | 2023 | December 31, |     | 2024 |       |     | 2025 | June30, |
|:---------------|:----|:-----|-------------:|:----|:-----|------:|:----|:-----|--------:|
| Unites States  |     | $    |        4,081 |     | $    | 2,633 |     | $    |   2,257 |
| Germany        |     |      |          170 |     |      |   167 |     |      |     154 |
| Total          |     | $    |        4,251 |     | $    | 2,800 |     | $    |   2,411 |

The Company recognized immaterial revenue during the five months ended December 31, 2023,