Plus Automation, Inc. Announces Termination of Merger Agreement

What Happened
Plus Automation, Inc. and Churchill Capital Corp IX mutually agreed to terminate their Agreement and Plan of Merger and Reorganization (the “Merger Agreement”), originally entered on June 5, 2025 (as amended). The parties executed a Termination Agreement dated April 20, 2026, terminating the Merger Agreement effective April 20, 2026, citing market conditions.

Key Details

• Merger Agreement originally entered: June 5, 2025 (as amended).
• Termination Agreement executed and effective date: April 20, 2026.
• Parties: Churchill Capital Corp IX, its subsidiaries AL Merger Sub I, Inc. and AL Merger Sub II, LLC, and Plus Automation, Inc.
• Filing/signature: the 8‑K reflects the termination and is signed by Churchill’s CEO, David W. Liu (document dated April 21, 2026).

Why It Matters
The planned business combination between Plus Automation and Churchill will not proceed under the terminated agreement. For investors, this is a material corporate development: the companies will remain separate unless they disclose a new transaction. The filing does not disclose any replacement deal terms, payments, or other material settlements, so shareholders should watch for further announcements about Plus Automation’s strategic plans, financing, or alternative transactions.