Company: CCIXW
Filing Date: 2025-12-05
Form Type: S-4/A
Source: 0001193125-25-309933
Chunk: 454

Company: Churchill Capital Corp IX/Cayman
Filing Date: 2025-12-05
Form: S-4/A
Chunk 454
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These partnerships demonstrate the adaptability of SuperDrive across multiple drivetrains, vehicle types, and geographic markets. For more information on the terms of the arrangements with our OEM partners and risks related thereto, see “Risk Factors — Risks Related to Our Dependence on Third Parties — Our success is dependent on our ability to successfully maintain, manage, execute and expand on our existing partnerships and

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obtain new partnerships. Our software is integrated into the vehicle” and “Risk Factors — Risks Related to Our Dependence on Third Parties —We expect to rely on a limited number of customers for a significant portion of our future revenue. The loss of, or a reduction in our commercial relationship with, any of those customers may adversely affect our business, financial condition, and results of operations.”

We also have worked closely with major fleet operators to validate our technology in commercial freight environments and we collaborate with key suppliers, such as NVIDIA and Bosch, to support performance, safety, and scalability across vehicle architectures. In 2021, we entered into an agreement with Amazon to supply autonomous driving technology. As part of that agreement, Amazon acquired a warrant to purchase shares of our common stock. For more information on the Amazon warrants, please see the section entitled “PlusAI’s Management’s Discussion and Analysis of Financial Condition and Results of Operations.” We also have done autonomous testing with DSV in Europe.

PlusAI, in partnership with its OEM partners, is targeting the commercial launch of SuperDrive‑enabled trucks in 2027, beginning in the United States and then expanding into Europe. We are actively engaged in joint development and validation programs with our OEM partners and achieved a key “driver‑out” safety validation milestone in April 2025. Public road testing is currently underway in Texas and Sweden and additional customer fleet trials have recently begun.

PlusAI maintains operations in California, Texas, and Germany to support commercialization, deployment, and ongoing customer support.

Our Software Business Model

The PlusAI business model is designed to be highly scalable and capital‑efficient. We provide our SuperDrive virtual driver software to OEM partners, who can integrate the technology directly into factory‑built trucks. The system’s architecture is sensor agnostic and compatible with multiple sensor modalities (camera, radar, LiDAR) as long as components meet defined performance criteria. For additional information, see the section of this proxy statement/prospectus titled “—SuperDrive Product Overview.” The OEMs are then able to sell these autonomous‑enabled trucks