Churchill Capital Corp Ix · NASDAQ:CCIX
Churchill Capital Corp Ix — Churchill Capital Corp IX/Cayman — SPAC Merger (April 2026)
22 slides from Churchill Capital Corp Ix's SPAC merger presentation, Apr 8, 2026
Slide 1: Driving an Intelligent Future
Driving an Intelligent Future April 2026 CopC yo rp igy hrt ig © ht 2 © 02 2 60 P 2l6 u P sA lu I, sIA nIc , .I n Ac ll. r A ig llh rt ig sh rt es s e re rv se er dv . e d | . 1 | Churchill Capital
Slide 2: About This Presentation
About This Presentation This presentation is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a proposed business combination (the“proposedtransaction”) between PlusAI Automation, Inc. (“PlusAI”) and Churchill
Slide 3: About This Presentation: Additional Information and Where to Find It
About This Presentation AdditionalInformation andWheretoFind It In connection with the proposed business combination, Churchill IX has filed a Registration Statement on Form S-4 (the“RegistrationStatement”) with the SEC. In connection with the proposed business combination, Churchill IX has filed th
Slide 4: Our Vision
Our Vision Autonomous transportation will make our world safer, more efficient, and more sustainable. Copyright © 2026 Plu sAI, Inc. All rights reserved. | 4 | | C Chu hur rc chi hil ll l C Ca ap pi it ta al l
Slide 5: PlusAI Highlights
PlusAI Highlights Why Plus? Autonomous driving is transforming the multi-trillion-dollar global heavy Trillion Dollar Market trucking industry Trucks equipped with our AI virtual driving system are autonomously Proven, On the Road transporting freight today in live operations with Ryder and Internat
Slide 6: On the Road, In Operation
On the Road, In Operation (1) Our AI driver is autonomously transporting freight today Fleet Partner Truck OEM AI Driver • Trial initiated in September 2025 using International trucks with factory- installed SuperDrive designed by PlusAI • 600+ mile daily roundtrip route runs along the I-35 corridor
Slide 7: Robust Fleet Engagement
Robust Fleet Engagement Active L4 discussions with top U.S. freight carriers Active Fleet Sizes Number of tractors / Class 8 type vehicles Contracted pilots began September 2025 12,600 11,500 11,400 9,300 8,300 2,300 Fleet A Fleet B Fleet C Fleet D Fleet E Source: Transport Topic Top 100 Private Car
Slide 8: Our Physical AI Platform
Our Physical AI Platform SuperDrive HyperFoundry AI Driver AV Data - Models - Simulation Flagship Physical AI software Foundational AV development TM powering L4 autonomous trucks engine powering SuperDrive (1) (2) Est. Opportunity: $1B+ ARR at Scale Opportunity: $50-100M+ annually Revenue generatio
Slide 9: Our Physical AI Platform: SuperDrive
Our Physical AI Platform SuperDrive Factory-installed by OEMs; monetized on a per-mile usage basis ~$40k contracted ARR per truck HyperFoundry Data Factory Model Factory SimVerse Automated 3D road reconstruction at scale 7M+ miles of L4-validated data Proprietary L4 models (E2E and VLA) Proprietary
Slide 10: SuperDrive: Our AI driver in action
SuperDrive Our AI driver in action Full-stack L4 software Primary driving system (edge) 1 Runs on the vehicle’s primary edge computer using a Reasoning–Reflex framework to act as a virtual driver Reasoning Vision Language Model High-Level Guidance and Decision Reflex End-to-End Transformer Model Per
Slide 11: SuperDrive: Trained on proprietary freight data
SuperDrive Trained on proprietary freight data 7M+ real-world miles, augmented by simulation and synthetic data Avoid emergency Left-hand driving Rain lane vehicle Snow Cut-ins Copyright © 2026 Plu sAI, Inc. All rights reserved. | 11 | Churchill Capital
Slide 12: SuperDrive: Deployed through leading global OEMs
SuperDrive Deployed through leading global OEMs Embedded autonomy operating system; factory-installed and commercialized through OEM channels (1) (2) 518k 299k OEM-led fleet trials in Texas with a Top 10 for-hire carrier, and OEM-led fleet trials in Europe Autonomous Class 8 XCIENT commercial launch
Slide 13: SuperDrive: Monetized on a contracted per-mile basis
SuperDrive Monetized on a contracted per-mile basis Recurring, usage-based software model; commercial deployment expected in 2027 (1)(2) PlusAI unit economics (1) Scaling driverless trucks (U.S. and Europe) ~85% ~$40k Annual revenue per truck Target gross margins How PlusAI will generate L4 revenue
Slide 14: HyperFoundry: AI data market is growing
HyperFoundry AI data market is growing PlusAI has valuable assets ✓ Data Factory Language AI scaled on abundant internet data ✓ Model Factory Physical AI requires real- world sensor data– scarce, expensive, hard to collect (1) Ü $4.5B (2025) → $12.2B (2032) AV data market (1)✓ SimVerse Ü 15%+ CAGR d
Slide 15: HyperFoundry: Actively monetizing our AV data and tools
HyperFoundry Actively monetizing our AV data and tools (1) $25M contracted revenue today; targeting $40-50M in 2026 Customers need: PlusAI offers: Multimodal data across HyperFoundry diverse real-world edge cases Data Factory Model Factory SimVerse High-fidelity, real- Product 7M+ miles of L4-valida
Slide 16: Financial Profile: Near-term revenue with large upside
Financial Profile Near-term revenue with large upside from L4 launch 2026E 2027E TM SuperDrive Active fleet trials L4 commercial launch Revenue Drivers (1) (1) TM ~$40-50M $50-100M+ HyperFoundry Operating expenses $71M $77M Illustrative cash flow profile Approaching breakeven Expected positive Note:
Slide 17: Financial Profile: Capital efficient path to scale
Financial Profile Capital efficient path to scale PlusAI delivers AI-driven economics through OEM-integrated, industrial-scale deployment (1) PlusAI operating expenses (Non-GAAP; $M) Driverless Commercial ✔ AI-native Cost Structure: AI-driven engineering aims to increase Launch Year productivity, ke
Slide 18: Our Roadmap
Our Roadmap Key milestones Driver-out tests completed; Commercial fleet operations (with safety driver) launched 2025 OEM Commercial Revenue Public listing acceleration readiness generation 2026E 2Q 2026 via CCIX Expanding Texas Monetize data & tools commercial operations Targeted commercial launch
Slide 19: Going Public in 2026
Going Public in 2026 PlusAI: attractive entry valuation Differentiated technology, monetizable assets, and near-term path to scale Discount to peers Differentiated revenue generation (3) Observed market capitalization for public peers ($B) 2026E Revenue ($M) $10.2 (1) YTD High (4) $40.0 - $50.0 (5)
Slide 20: Risk Factors
Risk Factors Investing in us involves a high degree of risk. The risks and uncertainties set out below are a summary only and are not the only risks we face. See the section entitled“RiskFactors” in the Registration Statement on Form S-4 filed by Churchill IX with the SEC (as amended), and the prosp
Slide 21: Risk Factors
Risk Factors • The Sponsor, certain members of the CHURCHILL IX Board and certain CHURCHILL IX officers have interests in the business combination that are different from or are in addition to other shareholders in recommending that shareholders vote in favor of approval of the business combination
Slide 22: CopC yo rp igy hrt ig © ht © P 2l6 u P sA
CopC yo rp igy hrt ig © ht 2 © 02 2 60 P 2l6 u P sA lu I, sIA nIc , .I n Ac ll. r A ig llh rt ig sh rt es s e re rv se er dv . e d | . 22 | Churchill Capital
Churchill Capital Corp IX/Cayman — SPAC Merger (April 2026) on 6ix