Self-Driving Truck Startup Plus Goes Public In $1.2B SPAC Merger, Backed By Wall Street Titan Michael Klein And Hyundai
Plus Automation last week announced it would merge with special purpose acquisition company Churchill Capital Corp IX (NASDAQ:CCIX) that values the startup at $1.2 billion and brings $300 million in fresh capital for its push into autonomous trucking by 2027. According to Plus Automation, the merger provides the resources needed to scale its factory-integrated autonomous trucking model. After closing, the combined company will operate as PlusAI and prioritize deployment through its global origin