PlusAI transaction termination becomes effective
PlusAI and Churchill Capital Corp IX mutually terminated their proposed business combination before closing.
Evidence notes
- The termination became effective April 20, 2026 and was announced the following day.
- The parties cited market conditions and ended the agreement by mutual consent.
- The termination ended the transaction before PlusAI began public trading through Churchill IX.
Company context
PlusAI develops Level 4 autonomous-driving software and physical-AI development infrastructure for commercial trucks.