Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number:001-42041 CHURCHILL CAPITAL CORP IX (Exact Name of Registrant as Specified in Its Charter) Cayman Islands 86-1885237 (Stat ...

Part I. Financial Information [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) For the six months ended June 30, 2025, Churchill Capital Corp IX reported a net income of $3.56 million, primarily driven by $6.18 million in interest income from its Trust Account, offset by $2.62 million in general and administrative expenses [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, the company's total assets were $303.15 million, a slight increase from $299.12 million at year-end 2024, primarily due to interest earned on marketable securities held in the Trust Account Condensed Consolidated Balance Sheet Highlights | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash | $426,052 | $2,412,564 | | Marketable securities and cash held in Trust account | $302,301,272 | $296,122,647 | | **Total Assets** | **$303,150,506** | **$299,124,430** | | Total Liabilities | $10,607,067 | $10,137,500 | | Class A ordinary shares subject to possible redemption | $301,301,272 | $296,122,647 | | **Total Shareholders' Deficit** | **$(8,757,833)** | **$(7,135,717)** | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the three and six months ended June 30, 2025, the company reported net income of $842,372 and $3,556,509, respectively, primarily from interest earned on the Trust Account Statement of Operations Summary (Unaudited) | Period | General & Administrative Expenses | Interest Income on Trust Account | Net Income | | :--- | :--- | :--- | :--- | | **Three Months Ended June 30, 2025** | $2,338,661 | $3,181,033 | $842,372 | | **Three Months Ended June 30, 2024** | $298,162 | $2,260,889 | $1,962,727 | | **Six Months Ended June 30, 2025** | $2,622,116 | $6,178,625 | $3,556,509 | | **Six Months Ended June 30, 2024** | $322,254 | $2,260,889 | $1,938,635 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2025, net cash used in operating activities was $1.99 million, primarily due to non-cash interest income and increases in prepaid and accrued expenses Cash Flow Summary for Six Months Ended June 30 | Cash Flow Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | $(1,986,512) | $(1,061,243) | | Net cash used in investing activities | $0 | $(287,500,000) | | Net cash provided by financing activities | $0 | $290,232,495 | | **Net Change in Cash** | **$(1,986,512)** | **$1,671,252** | | **Cash – End of period** | **$426,052** | **$1,671,252** | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail the company's SPAC status, its IPO, the establishment of a $287.5 million Trust Account, and the signing of a definitive merger agreement with Plus Automation, Inc - The company is a SPAC incorporated on December 18, 2023, and consummated its Initial Public Offering of **28,750,000 units** on May 6, 2024, raising gross proceeds of **$287.5 million**[23](index=23&type=chunk)[26](index=26&type=chunk) - On June 5, 2025, the company entered into a definitive Merger Agreement with Plus Automation, Inc. ("PlusAI"), with a deadline to complete the initial Business Combination by **August 8, 2026**[36](index=36&type=chunk)[29](index=29&type=chunk) - A mandatory liquidation if a Business Combination is not completed by the deadline raises substantial doubt about the company's ability to continue as a going concern[44](index=44&type=chunk) - The company has significant contingent liabilities, including a **$10.06 million** deferred underwriting fee and a potential **$7 million** advisory fee with Citigroup, payable upon completion of a Business Combination[89](index=89&type=chunk)[90](index=90&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=22&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's status as a blank check company, its primary activity of seeking a business combination, and the execution of a merger agreement with PlusAI on June 5, 2025 - The company is a blank check company whose activities since its December 2023 inception have been organizational, preparing for its IPO, and identifying a target for a Business Combination[120](index=120&type=chunk)[128](index=128&type=chunk) - On June 5, 2025, the Company entered into a definitive Merger Agreement with Plus Automation, Inc. (PlusAI), marking a significant step towards its initial Business Combination[124](index=124&type=chunk) Results of Operations Highlights | Period | Net Income | Key Drivers | | :--- | :--- | :--- | | **Q2 2025** | $842,372 | $3.18M interest income offset by $2.34M G&A costs | | **Q2 2024** | $1,962,727 | $2.26M interest income offset by $298k G&A costs | | **H1 2025** | $3,556,509 | $6.18M interest income offset by $2.62M G&A costs | | **H1 2024** | $1,938,635 | $2.26M interest income offset by $322k G&A costs | - The company's mandatory liquidation if a Business Combination is not completed by the deadline (currently **August 8, 2026**) raises substantial doubt about its ability to continue as a going concern[142](index=142&type=chunk) [Quantitative and Qualitative Disclosures Regarding Market Risk](index=26&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20Regarding%20Market%20Risk) The company is a smaller reporting company and is therefore not required to provide the information for this item - As a smaller reporting company, the registrant is not required to provide quantitative and qualitative disclosures about market risk[153](index=153&type=chunk) [Controls and Procedures](index=26&type=section&id=Item%204.%20Controls%20and%20Procedures) Management evaluated the company's disclosure controls and procedures, concluding they were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the quarter - Based on an evaluation, the company's Certifying Officers concluded that disclosure controls and procedures were effective as of the end of the fiscal quarter ended June 30, 2025[156](index=156&type=chunk) - There were no material changes to the company's internal control over financial reporting during the quarter[158](index=158&type=chunk) Part II. Other Information [Legal Proceedings](index=29&type=section&id=Item%201.%20Legal%20Proceedings) The company reports that there is no material litigation currently pending or contemplated against the company, its subsidiaries, or its officers and directors - To the knowledge of management, there is no material litigation currently pending or contemplated against the company[161](index=161&type=chunk) [Risk Factors](index=29&type=section&id=Item%201A.%20Risk%20Factors) The company states there have been no material changes to its previously disclosed risk factors, except for new risks specifically related to the pending merger with PlusAI - New risk factors have been introduced related to the pending Initial Business Combination with PlusAI[162](index=162&type=chunk) - Key risks include the potential for the merger not to be consummated, the incurrence of significant expenses regardless of the outcome, and restrictions on pursuing alternative transactions[163](index=163&type=chunk)[164](index=164&type=chunk) - The issuance of Class A common stock upon closing the transaction will cause dilution to existing shareholders[165](index=165&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=29&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no sales of unregistered securities during the quarter ended June 30, 2025, and no material change in the planned use of IPO proceeds - There were no sales of unregistered securities during the quarterly period[169](index=169&type=chunk) - There has been no material change in the planned use of proceeds from the Initial Public Offering[170](index=170&type=chunk) [Defaults Upon Senior Securities](index=30&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - None[171](index=171&type=chunk) [Mine Safety Disclosures](index=30&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[172](index=172&type=chunk) [Other Information](index=30&type=section&id=Item%205.%20Other%20Information) During the quarter, none of the company's directors or officers adopted or terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement - No directors or officers adopted or terminated any "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement" during the quarter[173](index=173&type=chunk) [Exhibits](index=31&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed as part of the quarterly report, including the Merger Agreement with PlusAI and various officer certifications - Exhibits filed with the report include the Agreement and Plan of Merger with Plus Automation, Inc., related sponsor and support agreements, and officer certifications[176](index=176&type=chunk)

For the quarter ended March 31, 2025 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-42041 CHURCHILL CAPITAL CORP IX (Exact Name of Registrant as Specified in Its Charter) Cayman Islands 86-1885237 (State o ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-42041 CHURCHILL CAPITAL CORP IX (Exact name of registrant as specified in its charter) Cayman Islands 86-1885237 ( ...

Table of Contents Title of each classTrading Symbol(s)Name of each exchange on which registered Units, each consisting of one Class A ordinary share and one-quarter of one redeemable warrant CCIXU The Nasdaq Stock Market LLC Class A ordinary shares, par value $0.0001 par value CCIX The Nasdaq Stock Market LLC Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share CCIXW The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each classTrading Symbol(s)Name of each exchange on which registered Units, each consisting of one Class A ordinary share and one-quarter of one redeemable warrant CCIXU The Nasdaq Stock Market LLC Class A ordinary shares, par value $0.0001 par value CCIX The Nasdaq Stock Market LLC Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share CCIXW The Nasdaq Stock Market LLC ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-42041 CHURCHILL CAPITAL CO ...

As filed with the Securities and Exchange Commission on May 1, 2024. Registration No. 333-278192 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Churchill Capital Corp IX (Exact Name of Registrant as Specified in its Charter) Cayman Islands 6770 86-1885237 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) (IRS Employer Identification Number) 640 Fifth Avenue, 14th Floor New York, NY 10019 Telephone: (212) 380-7500 (Addres ...

Table of Contents As filed with the Securities and Exchange Commission on April 12, 2024. Registration No. 333-278192 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Cayman Islands 6770 86-1885237 (Primary Standard Industrial Classification Code Number) 640 Fifth Avenue, 14th Floor New York, NY 10019 Telephone: (212) 380-7500 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Churchill Capital Corp IX (Exact Name of Registrant as Specified in its Char ...

Table of Contents As filed with the Securities and Exchange Commission on March 22, 2024. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Churchill Capital Corp IX (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) Cayman Islands 6770 86-1885237 (Primary Standard Industrial Classification Code Number) 640 Fifth Avenue, 14th Floor Ne ...