PlusAI and Churchill Capital IX Amend Merger Registration Statement
PlusAI and Churchill Capital Corp IX announced an amended filing with the U.S. Securities and Exchange Commission of their joint registration statement on Form S-4 in connection with the proposed business combination. The Registration Statement includes a preliminary proxy statement/prospectus and has not yet been declared effective. The information contained therein is subject to change. The filing follows the first amendment of a draft registration statement on December 5, 2025, and represents a step in the process toward completion of the previously disclosed proposed business combination between PlusAI and Churchill Capital. Upon closing, the combined company will operate as "PlusAI" and is expected to be listed on Nasdaq under the ticker symbol "PLS." The business combination remains subject to approval by Churchill IX shareholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions. The business combination is expected to close in Q1 of 2026.
Get Free Real-Time Notifications for Any Stock
Analyst Views on CCIX
About CCIX
About the author
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.
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.
