Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
The latest update is out from Churchill Capital Corp. IX Class A ( (CCIX) ).
On June 5, 2025, Churchill Capital Corp IX announced a merger with Plus Automation Inc., aiming to take the AI-based virtual driver software company public. The transaction, valued at $1.2 billion, is expected to provide up to $300 million in funding for Plus, supporting the commercial launch of its SuperDrive-enabled autonomous trucks by 2027. This merger positions Plus to address the trucking industry’s challenges with a scalable, capital-efficient model, leveraging strategic partnerships with major OEMs and industry players.
More about Churchill Capital Corp. IX Class A
Plus Automation Inc., founded in 2016 in Silicon Valley, is a leader in Physical AI, specializing in AI-based virtual driver software for autonomous trucks. The company is targeting the $2 trillion trucking freight market in the U.S. and Europe, addressing challenges such as driver shortages and operational costs through its SuperDrive software. Plus collaborates with global truck manufacturers like TRATON GROUP, Hyundai, and IVECO to deploy its technology.
Average Trading Volume: 79,247
Technical Sentiment Signal: Strong Buy
For detailed information about CCIX stock, go to TipRanks’ Stock Analysis page.