Churchill Capital Corp IX Announces $1.2 Billion Merger with PlusAI, Paving Way for Autonomous Truck Launch

Reuters

06-05

<a href="https://laohu8.com/S/CCIX">Churchill Capital Corp IX</a> Announces $1.2 Billion Merger with PlusAI, Paving Way for Autonomous Truck Launch

Churchill Capital Corp IX announced a merger agreement with Plus, with the transaction expected to close in the fourth quarter of 2025. The combined company will operate under the name PlusAI. The boards of directors of both Plus and Churchill IX have unanimously approved the deal. Notably, existing Plus shareholders will not receive cash consideration and will be subject to lock-up agreements ranging from 180 to 360 days after the transaction's close. An investor conference call to discuss the transaction is scheduled for 8:30 am ET on June 5, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Churchill Capital Corp IX published the original content used to generate this news brief via PR Newswire (Ref. ID: LA03839) on June 05, 2025, and is solely responsible for the information contained therein.

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The combined company will operate under the name PlusAI. The boards of directors of both Plus and Churchill IX have unanimously approved the deal. Notably, existing Plus shareholders will not receive cash consideration and will be subject to lock-up agreements ranging from 180 to 360 days after the transaction's close. An investor conference call to discuss the transaction is scheduled for 8:30 am ET on June 5, 2025.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Churchill Capital Corp IX published the original content used to generate this news brief via PR Newswire (Ref. ID: LA03839) on June 05, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250605:nNDL20qn35:1","article_id":"2541020334","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2541020334","pubTimestamp":1749124905,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Churchill Capital Corp IX announced a merger agreement with Plus, with the transaction expected to close in the fourth quarter of 2025. 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