Plus Automation to go public via a SPAC merger with Churchill Capital Corp IX in a $1.2bn deal.

Plus Automation, a physical AI company pioneering AI-based virtual driver software for factory-built autonomous trucks, agreed to go public via a SPAC merger with Churchill Capital Corp IX, a special purpose acquisition company, in a $1.2bn deal. “ I’m incredibly proud of the team’s accomplishments to date and confident that, in partnership with Churchill IX, we can accelerate our mission and create significant value for shareholders by scaling with disciplined execution. This transaction provides access to capital and strategic support that will help us advance our product roadmap, execute our development and commercialization strategy, and deliver a transformative logistics solution to one of the world’s largest and most essential industries,” David Liu, Plus Co-Founder and CEO.