Plus, an AI-Based Virtual Driver Software Company Powering Factory ...

Plus, an AI-Based Virtual Driver Software Company Powering Factory ...

Autonomous trucking startup Plus to go public at $1.2B valuation in SPAC deal - Tech Startups

Is SPAC making a comeback? After months of silence, merger deals are slowly starting to return. One of the latest: Plus Automation is heading to the public markets through a merger with Churchill Capital Corp IX, a blank-check firm led […] The post Autonomous trucking startup Plus to go public at $1.2B valuation in SPAC deal first appeared on Tech Startups.

Plus Automation to Go Public via $1.2 Billion SPAC Deal with Churchill Capital

Self-driving truck developer Plus Automation said on Thursday it will merge with special purpose acquisition company Churchill Capital Corp IX (CCIX.O) in a deal valued at $1.2 billion, as it prepares for the commercial rollout of its autonomous vehicles in 2027. The transaction, supported by veteran Wall Street financier Michael Klein, is expected to generate [...] The post Plus Automation to Go Public via $1.2 Billion SPAC Deal with Churchill …

Autonomous trucking developer Plus goes public via SPAC - The Robot Report

Plus said its mission is to deliver autonomous driving software that creates value in commercial trucking. | Source: Plus Plus Automation Inc., which is commercializing software and artificial intelligence for autonomous trucks, yesterday announced that it is going public. Churchill Capital Corp IX, a special purpose acquisition company or SPAC, acquired the company. The combined entity will operate as PlusAI. “Trucking is the backbone of the gl…

Autonomous driving, AI-based virtual driver software company Plus to go public

AI-based virtual driver software company Plus, very active in the field of autonomous driving software for trucks, is about to go public via merger with Churchill Capital Corp IX. Indeed, the two players have entered into a definitive business combination agreement. Upon closing of the transaction, the combined company will operate as PlusAI. Founded in Silicon Valley in 2016 by technology entrepreneurs with deep expertise in engineering, artifi…

Plus and Churchill IX announce merger agreement to form PlusAI

Plus and Churchill Capital Corp IX (Churchill IX) have entered into a merger agreement. Upon closure of the transaction, the combined company will operate as PlusAI. Michael Klein, chairman and CEO of Churchill IX, said, “Physical AI will be transformative across industries, and Churchill IX is excited to give public investors access to a leading company in the sector primed for AI-driven innovation. After evaluating many opportunities, we knew …