Ogier supports Churchill Capital Corp IX on US$1.2 billion business combination with Plus Automation Inc.

Ogier's Corporate team in the Cayman Islands is advising Churchill Capital Corp IX, a special purpose acquisition company (SPAC), on its US$1.2 billion business combination with self-driving truck startup Plus Automation Inc.

The deal is expected to close in the fourth quarter of 2025, subject to customary conditions, including shareholder approval.

The new combined company intends to commercialise AI-based virtual driver software for autonomous trucks, providing a safe and scalable product in the US and Europe. The fleet is expected to launch in 2027.

The Ogier team was led by partner Bradley Kruger, supported by associate Mike Azarnikow.

Ogier advised Churchill Capital Corp IX  on its US$287.5 million initial public offering (IPO) on Nasdaq in May 2024.

Partner Bradley Kruger commented: "We are delighted to see the ongoing success of our clients and it is a privilege to continue supporting Churchill Capital Corp IX as they achieve important milestones, from their initial public offering through to this landmark business combination."