PlusAI's Merger With Churchill Capital Corp IX Clears Key SEC Hurdle Ahead Of February Shareholder Vote

Plus Automation, Inc. ("PlusAI"), a leader in AI software for autonomous trucks, today announced that its registration statement on Form S-4 (the "Registration Statement") filed with Securities and Exchange Commission (the "SEC") in connection with the proposed merger between PlusAI and Churchill Capital Corp IX (NASDAQ:CCIX), was declared effective by the SEC on January 12, 2026. This represents an important step in the process toward completion of the previously disclosed proposed business combination between PlusAI and Churchill Capital Corp IX ("Churchill IX"). Churchill IX has set a meeting date of February 3, 2026 for its extraordinary general meeting to approve the proposed business combination and related matters.

PlusAI is a differentiated leader in autonomous trucking software, built from the ground up as an AI-native virtual driver company. Founded in Silicon Valley in 2016, PlusAI has replaced traditional hand-coded autonomy stacks with advanced AI models trained on more than six million miles of real-world operations across the U.S., Europe, and Asia. This dataset, combined with proprietary foundation models and a highly optimized in-vehicle neural architecture, enables SuperDrive™ to generalize across routes, geographies, and vehicle platforms. Designed specifically for commercial on-highway heavy-duty trucking, the system combines advanced perception, prediction, and planning intelligence with multilayered safety and redundancy tailored to support reliable, commercial-scale Level 4 operation. PlusAI is partnering with leading global truck OEMs including TRATON GROUP (International, Scania, and MAN), IVECO, and Hyundai to provide a uniquely scalable model to drive large scale adoption of autonomous trucks by fleet operators.