Churchill Capital Corp IX to create public company PlusAI through merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 05 2025
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Business Combination Agreement: Churchill Capital Corp IX and Plus Automation have agreed to merge, forming a new entity called PlusAI, which will focus on commercializing AI-based virtual driver software for autonomous trucks.
Future Plans and Financials: Plus aims to launch its SuperDrive-enabled autonomous trucks by 2027, with operations in California, Texas, and Germany, and the merger values Plus at $1.2 billion, providing sufficient funding for its commercialization efforts.
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About CCIX
Churchill Capital Corp IX is a blank check company. The Company is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company has no operations and has not generated any revenues.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Churchill Capital IX Delays Shareholder Meeting
- Meeting Postponement: Churchill Capital IX has postponed its extraordinary general meeting originally scheduled for February 3, 2026, to February 11, 2026, to allow more time for shareholder engagement, particularly following PlusAI's announcement of its expanded partnership with TRATON Group, indicating the company's commitment to shareholder feedback.
- Redemption Request Deadline Extended: The deadline for public shareholders to submit redemption requests has been extended from January 30, 2026, to February 9, 2026, providing shareholders additional time to consider their investment decisions, which may impact the liquidity of the merger transaction.
- Voting Rights Assurance: All shareholders of record as of January 7, 2026, are entitled to vote at the postponed meeting, and Churchill Capital IX encourages those who have not yet voted to submit their proxies promptly, ensuring that every shareholder's voice is heard and enhancing corporate governance transparency.
- Post-Merger Listing Plans: Assuming shareholder approval of the merger, the combined company intends to list its common stock and public warrants on Nasdaq under the proposed symbols “PLS” and “PLSW,” which will lay the groundwork for future capital operations and market expansion.
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TRATON Group Accelerates Deployment of Autonomous Trucks
- R&D Funding Commitment: TRATON Group commits up to $25 million in R&D funding to PlusAI to accelerate the integration of SuperDrive™ technology into its truck brands, thereby advancing the commercialization of autonomous trucks and enhancing market competitiveness.
- Board Nomination: TRATON will nominate a board member following PlusAI's planned public listing, further strengthening strategic collaboration in product development and market rollout, ensuring alignment and synergy in autonomous driving technology.
- Pilot Program Progress: International brand and PlusAI launched customer fleet trials in Texas using next-generation tractors equipped with SuperDrive™, marking a significant step toward the commercialization of autonomous trucks and boosting customer confidence in the technology.
- Safety Validation Testing: PlusAI completed a series of driverless safety maneuver tests, validating the SuperDrive™ system's emergency handling capabilities in complex scenarios, further advancing the TRATON-PlusAI partnership toward commercial operations.
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