In a high-octane fusion of artificial intelligence and Wall Street ambition, Plus Automation Inc. has announced a $1.2 billion SPAC merger with Churchill Capital Corp. IX, setting the stage for the AI-driven trucking innovator to go public under the new name PlusAI. The transformative deal is engineered by five heavyweight law firms and promises to drive the company full throttle into the public markets by late 2025.
SPAC Strategy Hits the Fast Lane
SPACs — or “blank check” companies — have become Wall Street’s express lane to the stock market, and Churchill IX, helmed by financier Michael Klein, is steering Plus Automation into that on-ramp.
Backed by Willkie Farr & Gallagher LLP, Ellenoff Grossman & Schole LLP, Ogier LLP, and Ropes & Gray LLP, Churchill IX brings serious legal horsepower to the table. Wilson Sonsini Goodrich & Rosati PC is representing Plus Automation in the deal.
“Trucking is the backbone of the global economy, and autonomous tech is its future,” said Churchill IX CEO Michael Klein. “Plus is a leader in physical AI, and we’re thrilled to help bring that vision to public investors.”
