Announcement • Apr 22
Plus Automation Inc. cancelled the acquisition of Churchill Capital Corp IX (NasdaqGM:CCIX) from group of shareholders in a reverse merger transaction. Plus Automation Inc. entered into a definitive business combination agreement to acquire Churchill Capital Corp IX (NasdaqGM:CCIX) from group of shareholders in a reverse merger transaction for $1.2 billion on June 5, 2025. On April 17, 2025, CCIX and PlusAI executed the non-binding letter of intent. The consideration consists of common equity of Plus Automation Inc. having a value of $1.2 billion to be issued for common equity of Churchill Capital Corp IX and an earnout payment of up to $15 million. As part of consideration, $1.2 billion is paid towards common equity of Churchill Capital Corp IX. Upon closing, the combined company will operate as “PlusAI” and is expected to be listed on Nasdaq under the ticker symbol “PLS.”
The transaction is subject to satisfaction of customary closing conditions, including approval by Churchill IX shareholders and Plus shareholders, registration statement effectiveness, HSR act approval and has been unanimously approved by the boards of directors of both Plus and Churchill IX. The deal is expected to close in the fourth quarter of 2025. As of January 7, 2026, the Registration Statement has been declared effective by the SEC, the business combination is expected to close in Q1 of 2026. On January 27, 2026, Churchill Capital Corp IX postponed its extraordinary general meeting of shareholders to vote upon the proposed business combination between Churchill IX and Plus Automation, Inc. from February 3, 2026, to February 11, 2026. The rescheduled meeting will be held on February 11, 2026. On February 9, 2026, Churchill Capital Corp IX postponed its extraordinary general meeting of shareholders to vote upon the proposed business combination between Churchill IX and Plus Automation, Inc. from February 11, 2026, to April 15, 2026. The rescheduled meeting will be held on April 15, 2026.
Citigroup Global Markets Inc. acted as financial advisor for Churchill Capital Corp IX. Gregory Astrachan, Sean Ewen and Esther Chang of Willkie Farr & Gallagher LLP acted as legal advisor for Churchill Capital Corp IX. Ocean Tomo, LLC acted as financial advisor and fairness opinion provider to Churchill Capital Corp IX. Ellenoff Grossman & Schole LLP acted as legal advisor for Churchill Capital Corp IX. Ogier Group L.P. acted as legal advisor for Churchill Capital Corp IX. Ropes & Gray LLP acted as legal advisor for Churchill Capital Corp IX. Northland Capital Markets acted as financial advisor for Plus Automation Inc. Michael Nordtvedt, Jeana S. Kim and Remi P. Korenblit of Wilson Sonsini Goodrich & Rosati, P.C. acted as legal advisor for Plus Automation Inc. Morrow & Co., LLC acted as proxy solicitor to Churchill Capital Corp IX and will receive a fee of $0.03 million. Continental Stock Transfer & Trust Company acted as transfer agent to Churchill Capital Corp IX. Canaccord Genuity LLC acted as financial advisor to Plus Automation Inc and will receive a fee of $0.75 million. The Depository Trust Company acted as a advisor to Churchill Capital Corp IX.
Plus Automation Inc. cancelled the acquisition of Churchill Capital Corp IX (NasdaqGM:CCIX) from group of shareholders in a reverse merger transaction on April 20, 2026. The merger agreement was terminated by the mutual consent of Churchill and PlusAI due to market conditions. Announcement • Nov 25
Churchill Capital Corp IX, Annual General Meeting, Dec 19, 2025 Churchill Capital Corp IX, Annual General Meeting, Dec 19, 2025. Location: elenoff grossman & schole llp, located at 1345 avenue of the americas, 11th floor, new york, new york 10105, United States 
