PlusAI signs Churchill IX business combination at $1.2B pre-money value
PlusAI signed a proposed business combination with Churchill Capital Corp IX that assigned the company a $1.2 billion pre-money equity value.
Evidence notes
- The proposed transaction contemplated up to $300 million of gross proceeds.
- Completion remained subject to shareholder, regulatory and other closing conditions.
- The parties later mutually terminated the agreement on April 20, 2026, before the proposed transaction closed.
Company context
PlusAI develops Level 4 autonomous-driving software and physical-AI development infrastructure for commercial trucks.