Churchill Capital Corp IX to merge with Plus Automation at $1.2B pre-money; up to $300M in gross proceeds

Churchill Capital Corp IX/Cayman

Plus develops AI virtual driver 'SuperDrive' for autonomous trucks; valued at $1.2B pre-money equity.
Transaction expected to deliver up to $300M from Churchill IX trust account, targeting commercial launch in 2027.
OEM partners include TRATON GROUP, Hyundai, and IVECO for factory-built autonomous trucks.
Combined company to be named PlusAI; expected close Q4 2025 subject to shareholder approvals.
Existing Plus shareholders and Churchill IX sponsor subject to lock-up of 180–360 days post-close.

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