Plus to go public through SPAC merger in late 2025
By Bradley Osborne - 18th June 2025
International truck installed with Plus self-driving technology
USA – PlusAI Inc, a tech company specialising in ADAS and autonomous driving software for trucks based in Santa Clara, California, has announced that it will go public before the end of the year by merging with a “blank check” company, subject to customary closing conditions.
Plus has signed a definitive agreement with Churchill Capital Corp IX, a special-purpose acquisition company listed on the Nasdaq Stock Market. Following shareholder approval, the companies will enter into a business combination that will generate up to USD300m in gross proceeds while also giving Plus access to the public financial market. Following the merger, the newly-formed company will be known as “PlusAI”.
