- CEO
- Michael S. Klein
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 640 Fifth Avenue New York City NY United States of America 10019
- IPO Date
- Dec 15, 2025
- Business
- Churchill Capital Corp IX Warrant (CCIXW) Churchill Capital Corp IX Warrant represents the redeemable warrants of Churchill Capital Corp IX, a blank check company, or special purpose acquisition company (SPAC), sponsored by M. Klein & Company and focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, particularly those generating stable free cash flow and featuring committed management teams; each warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment, with exercisability commencing after a business combination and prior to the warrant's expiration. The company, founded in 2023 by Michael Klein and headquartered in New York, New York, completed its initial public offering of 28,750,000 units at $10.00 each in May 2024, raising $287.5 million net proceeds held in trust, with units comprising one Class A ordinary share and one-quarter of one warrant; separate trading of shares (CCIX) and warrants (CCIXW) commenced on Nasdaq Global Market on June 21, 2024. In June 2025, Churchill Capital Corp IX entered into a definitive merger agreement with Plus Automation Inc. (Plus), an autonomous trucking technology provider developing the SuperDrive virtual driver platform for heavy-duty trucks through OEM partnerships with Traton Group, Hyundai and Iveco, among others; the transaction, unanimously approved by both boards, values Plus at a pre-money equity value of $1.2 billion, provides up to $300 million in gross proceeds for commercialization targeted in 2027, and anticipates closing in the fourth quarter of 2025 with the combined entity operating as PlusAI.