Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 62

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 62
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4) any securities issued in connection with any Permitted Equity Financing will be converted into shares of PlusAI Common Stock prior to Closing of the business combination, if applicable; and (5) the aggregate funds raised shall not exceed $50,000,000, unless otherwise agreed between CCIX and PlusAI. Other than as set forth in the Merger Agreement, Delaware law, or PlusAI’s governing documents, there are no limitations on PlusAI’s ability to obtain new financing in connection with the business combination.

The parties may also mutually agree to pursue other financing opportunities, subject to applicable law, the parties’ governing documents and Nasdaq rules. Although no additional sources of financing are anticipated between the date hereof and the closing, the terms of such sources of financing could be of differing economic values that could dilute the value of the Post-Closing Company Class A common stock.

Why is CCIX proposing the Domestication?

The Domestication is part of the business combination. The CCIX Board believes that there are significant advantages to PlusAI that will arise as a result of a change of CCIX’s domicile to the State of Delaware, including: (1) the prominence, predictability and flexibility of the DGCL; (2) Delaware’s well-established principles of corporate governance; and (3) the increased ability for Delaware corporations to attract and retain qualified directors. Further, the CCIX Board believes that any direct benefit that the DGCL provides to a corporation also indirectly benefits its shareholders, who are the owners of the corporation. Each of the foregoing are discussed in greater detail in the section of this proxy statement/prospectus entitled “ Proposal No. 2 – The Domestication Proposal – Reasons for the Domestication .”

Under CCIX’s current articles of association, CCIX's directors have the authority to resolve that CCIX be registered by way of continuation in a jurisdiction outside the Cayman Islands or such other jurisdiction in which it is for the time being incorporated, registered or existing (including, but not limited to, the approval of the organisational documents to be adopted by the Company in such other jurisdiction to the extent applicable). Accordingly, it is not necessary for CCIX to receive shareholder consent to the Domestication, and the Domestication Proposal and the Organizational Documents Proposal are therefore being presented to CCIX shareholders on a non-binding advisory basis only.

To effect the Domestication, CCIX will file an application to deregister with the Cayman Islands Registrar of Companies, together with the necessary accompanying documents and fees, and file the Proposed Certificate