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.
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