Ropes & Gray represented Citigroup Global Markets Inc. as capital markets advisor in Plus Automation Inc.’s and Churchill Capital Corp. IX’s definitive business combination agreement. The transaction values Plus at a pre-money equity value of $1.2 billion. The agreement was announced on June 5 in a press release.
Plus is a physical AI company commercializing AI-based virtual driver software for autonomous trucks.
Churchill IX (Nasdaq:CCIX) is a special purpose acquisition company.
The team was led by capital markets partner Paul Tropp.
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