PlusAI Terminates SPAC Merger with Churchill Capital

PlusAI and Churchill Capital Corp IX ended their planned business combination on April 21, 2026, citing market conditions.
PlusAI will seek alternative funding, with existing investors backing an upcoming capital raise, after terminating the SPAC deal.
The company projects strong 2026 revenue and continued 2027 growth, operating SuperDrive and HyperFoundry with partners like Scania, Hyundai, NVIDIA, Bosch.