Business
Plus, an AI-Based Virtual Driver Software Company Powering Factory-Built Autonomous Trucks, to Go Public via Merger with Churchill Capital Corp IX
Plus Automation Inc. ("Plus"), a Physical AI company commercializing AI-based virtual driver software for autonomous trucks, and Churchill Capital Corp IX (Nasdaq: CCIX) ("Churchill IX"), a special purpose acquisition company, announced today that they have entered into a definitive business combination agreement. Upon closing of the transaction, the combined company will operate as PlusAI.
About this update from Churchill Capital Corp Ix
[{"type":"list","items":[{"val":[{"type":"text","content":"Plus's proprietary AI-based virtual driver software, SuperDrive, addresses a $2 trillion trucking freight market in the U.S. and Europe, enabling safe and scalable autonomous trucking","length":187,"tagName":"p"}]},{"val":[{"type":"text","content":"Autonomy software partner to leading global truck manufacturers TRATON GROUP, Hyundai, and IVECO","length":96,"tagName":"p"}]},{"val":[{"type":"text","content":"Transaction expected to provide up to $300 million in gross proceeds to fund Plus through the expected commercial launch of SuperDrive-enabled, factory-built autonomous trucks in 2027","length":183,"tagName":"p"}]},{"val":[{"type":"text","content":"Plus valued at $1.2 billion pre-money equity value, providing an attractive entry point for Churchill IX shareholders","length":117,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":583,"olType":false},{"type":"text","content":"SANTA CLARA, Calif. and NEW YORK, June 5, 2025 /PRNewswire/ -- Plus Automation Inc. ("Plus"), a Physical AI company commercializing AI-based virtual driver software for autonomous trucks, and Churchill Capital Corp IX (Nasdaq: CCIX) ("Churchill IX"), a special purpose acquisition company, announced today that they have entered into a definitive business combination agreement. Upon closing of the transaction, the combined company will operate as PlusAI.","length":476,"tagName":"p"},{"type":"image","alt":"Plus, an AI-Based Virtual Driver Software Company Powering Factory-Built Autonomous Trucks, to Go Public via Merger with Churchill Capital Corp IX","displaySize":"","headline":null,"caption":"Plus, an AI-Based Virtual Driver Software Company Powering Factory-Built Autonomous Trucks, to Go Public via Merger with Churchill Capital Corp IX","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":257,"url":"https://media.zenfs.com/en/prnewswire.com/0c1f45bae8af3c35d75f32e5d1c7895e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/tjMtwrcAaAQH11Aa1sQ_WQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ1MztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/0c1f45bae8af3c35d75f32e5d1c7895e","width":400,"height":257}},"href":"https://mma.prnewswire.com/media/2704005/Plus_to_Go_Public_via_Merger_with_Churchill_Capital_Corp_IX.html","hrefExternal":true,"rel":"nofollow"},{"type":"tex...