On June 5, 2025, Plus Automation (Plus), a physical AI company commercializing AI-based virtual driver software for autonomous trucks, and Churchill Capital Corp IX (Churchill IX), a special purpose acquisition company, announced that they have entered into a definitive agreement to effect a business combination. Wilson Sonsini Goodrich & Rosati advised Plus on the transaction.
The merger values Plus at a pre-money equity value of $1.2 billion and is expected to deliver approximately $300 million in gross proceeds assuming no redemptions by Churchill IX shareholders. Upon closing of the transaction, the combined company will operate as PlusAI and will be publicly traded.
The Wilson Sonsini team that advised Plus includes:
Corporate
Michael Nordtvedt
Jeana Kim
Cody Gaynor
Aletha Tarn
Cooper Cuene
Alex Corluyan
Hoy Shih
M&A
Remi Korenblit
Dennise Martinez
Ava Munson
Corporate – Delaware
Ryan Greecher
Allurie Kephart
Ryan Hart
Carley Felzer
Antitrust and Competition
Ben Labow
Kimberley Biagioli
Deirdre Carroll
Tax
Myra Sutanto Shen
Rob Sherrill
Technology Transactions
Christopher Paniewski
Riley Lovendale
Isabel Annino
Anna Weber
Erica Hur
Employee Benefits and Compensation
Michelle Wallin
Jaqueline Tokuda
Emma Wilcox
Employment Litigation
Jason Storck
Alison (Renner) Genova
Samantha Hussey
Real Estate
James McCann
Data, Privacy, and Cybersecurity
Matt Staples
Nikolaos Theodorakis
Michael O’Brien
Eddie Holman
National Security
Josh Gruenspecht
Jahna Hartwig
Waqas Shahid
For more information, please see Plus’ news release.
