Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 289

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 289
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 certain conditions or were forfeited. In connection with PlusAI’s receipt of notice that certain holders of PlusAI options intended to exercise their PlusAI options prior to the consummation of the Transactions, on September 8, 2025, CCIX, Merger Subs and Plus AI entered into Amendment No. 1 to the Merger Agreement, which clarifies that shares of PlusAI common stock issued as a result of the exercise of PlusAI options issued pursuant to PlusAI’s 2021 Plan will be exchanged, at the Effective Time, for the right to receive a number of shares of Post-Closing Company Class B common stock equal to the Exchange Ratio. A copy of Amendment No. 1 to the Merger Agreement is attached to this proxy statement/prospectus as part of Annex A. In connection with PlusAI’s efforts to obtain Permitted Equity Financing between the execution of the Merger Agreement and the anticipated consummation of the Transactions, and to reflect the parties desire to enhance closing certainty with respect the Transactions, on September 18, 2025 (1) CCIX, Merger Subs and Plus AI entered into Amendment No. 2 to the Merger Agreement, which removed the condition to PlusAI’s obligation to consummate the Transaction based on the Available Closing SPAC Cash being at least $100,000,000 and (2) CCIX, the Sponsor and the Insiders entered into Amendment No. 1 to the Sponsor Agreement, with the consent and agreement of PlusAI, which eliminated the vesting and forfeiture of Post-Closing Company Class A common stock held by the Sponsor based on the amount of the Available Closing SPAC Cash and the achievement of certain stock price performance of the Post-Closing Company common stock after the Closing. A copy of Amendment No. 2 to the Merger Agreement is attached to this proxy statement/prospectus as part of Annex A. A copy of Amendment No. 1 to the Sponsor Agreement is filed herewith as Exhibit 10.14.

The CCIX Board’s Reasons for Approval of the Transactions The CCIX Board, in evaluating the Transactions, consulted with CCIX’s management and financial, strategic and legal advisors. In (1) resolving that it is fair to and in the best interests of CCIX and its shareholders, and declaring it advisable, to enter into the Merger Agreement, the related agreements to which CCIX is a party and the Transactions, (2) approving the Merger Agreement, the related agreements to which CCIX is