Self-driving startup Plus to go public through $1.2 billion SPAC deal

Synopsis
The transaction will provide the company with $300 million in gross proceeds, which it plans to use to achieve the commercial launch of its autonomous trucks in 2027.
The combined company will operate as PlusAI, after the transaction closes.
Citigroup advised Churchill IX on the deal, while Northland Capital Markets served as the financial adviser to Plus.