• 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
• Autonomy software partner to leading global truck manufacturers TRATON GROUP, Hyundai, and IVECO
• 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
• Plus valued at $1.2 billion pre-money equity value, providing an attractive entry point for Churchill IX shareholders
SANTA CLARA, CA and NEW YORK, NY — June 5, 2025 — 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. (....)