PlusAI Launches Southern Europe’s First Autonomous Trucking Program with IVECO

SANTA CLARA, Calif. & TURIN, Italy--(BUSINESS WIRE)--Jan 12, 2026--

PlusAI, a leader in AI software for autonomous trucks, announced an expansion of its long-standing partnership with IVECO, the commercial vehicle brand of Iveco Group N.V. (EXM: IVG). Together, the companies will launch the first deployment of heavy-duty trucks equipped with Level 4 Autonomous Driving Systems (ADS) in Southern Europe, in collaboration with Spanish logistics operator Sesé and the Government of Aragon. This announcement comes on the heels of PlusAI’s planned public listing via a business combination with Churchill Capital Corp IX (Nasdaq: CCIX).

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Under this program, PlusAI and IVECO will develop two IVECO S-Way heavy-duty trucks integrated with PlusAI’s SuperDrive™ virtual driver, enabling Level 4 autonomous capabilities. The autonomous trucks will undergo multi-year testing starting in 2026. For the entire trial period, these trucks will operate with a safety operator on board on freight routes between Madrid and Zaragoza, a corridor spanning approximately 300 km (184 miles).

“Autonomous trucks are a transformative technology that could dramatically improve road safety and reshape commercial freight transportation worldwide,” said Shawn Kerrigan, COO and Co-Founder of PlusAI. “We are proud to deepen our partnership with IVECO and demonstrate how autonomous driving technology can enhance safety, efficiency, and sustainability while strengthening Europe’s supply chains.”

Marco Liccardo, Chief Technology & Digital Officer at Iveco Group, added: “Vehicle automation is a key pillar of Iveco Group’s technology strategy. We are thrilled to reinforce our strong partnership with PlusAI to further innovate our ADAS and ADS technologies on board IVECO trucks. This project will take us forward on our journey to offer customers the highest quality technology for increasingly sustainable transport."

This initiative builds on years of joint research and testing between PlusAI and Iveco Group, including advanced Level 2+ and Level 4 programs. It also marks a significant milestone as PlusAI moves into its next phase of growth as a publicly traded company through its previously announced business combination with Churchill Capital Corp IX (Nasdaq: CCIX).

Upon closing, the combined company will operate as “PlusAI” and is expected to be listed on Nasdaq under the ticker symbol “PLS.” The business combination remains subject to approval by Churchill IX shareholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions. The business combination is expected to close in Q1 of 2026.

About PlusAI

PlusAI is an artificial intelligence company pioneering AI-based virtual driver software for factory-built autonomous trucks. Headquartered in Silicon Valley with operations in the United States and Europe, PlusAI was named by Fast Company as one of the World’s Most Innovative Companies. Partners including TRATON GROUP’s Scania, MAN, and International brands, Hyundai Motor Company, Iveco Group, Bosch, and DSV are working with PlusAI to accelerate the deployment of next-generation autonomous trucks. PlusAI announced in June 2025 that it plans to go public via a merger with Churchill Capital Corp IX (Nasdaq: CCIX). For more information, visit www.plus.ai or follow PlusAI on LinkedIn and YouTube.

About Churchill Capital Corp IX

Churchill IX is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.

Additional Information About the Proposed Transaction and Where to Find It

The proposed transaction will be submitted to shareholders of Churchill IX for their consideration. Churchill IX has filed a registration statement on Form S-4 with the SEC, which includes and will include a preliminary proxy statement/prospectus and definitive proxy statement/prospectus, respectively, to be distributed to Churchill IX’s shareholders in connection with Churchill IX’s solicitation of proxies for the vote by Churchill IX’s shareholders in connection with the proposed transaction and other matters described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to PlusAI stockholders in connection with the completion of the proposed transaction. After the Registration Statement has been filed and declared effective, a definitive proxy statement/prospectus and other relevant documents will be mailed to PlusAI stockholders and Churchill IX shareholders as of the record date established for voting on the proposed transaction. Before making any voting or investment decision, Churchill IX shareholders, PlusAI stockholders and other interested persons are advised to read the preliminary proxy statement/prospectus and any amendments thereto and, once available, the definitive proxy statement/prospectus, as well as other documents filed with the SEC by Churchill IX in connection with the proposed transaction, as these documents will contain important information about Churchill IX, PlusAI and the proposed transaction. Shareholders may obtain a copy of the preliminary proxy statement/prospectus, and the definitive proxy statement statement/prospectus once available, as well as other documents filed by Churchill IX with the SEC, without charge, at the SEC’s website located at www.sec.gov or by directing a written request to Churchill Capital Corp IX, 640 Fifth Avenue, 12th Floor, New York, NY 10019.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements may be identified by the use of words such as “plan,” “project,” “will,” “estimate,” “intend,” “expect,” “believe,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. We have based these forward-looking statements on current expectations and projections about future events. These statements include: expectations regarding the completion of the business combination between PlusAI and Churchill IX; estimates of customer adoption rates and usage patterns; projections regarding the value and capabilities of autonomous driving solutions; projections of development and commercialization timelines; expectations regarding PlusAI’s ability to execute its business model; expectations regarding safety and system maturity of SuperDrive; PlusAI’s deployment of virtual driver software; PlusAI’s expectations concerning relationships with strategic partners, suppliers, governments, regulatory bodies and other third parties; future ventures or investments in companies, products, services, or technologies; the potential benefits of the proposed transaction and expectations related to its terms and timing; and the potential for PlusAI to increase in value.

These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond the control of PlusAI and Churchill IX.

These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such statements. Such risks and uncertainties include: that PlusAI is pursuing an emerging technology, faces significant technical challenges and may not achieve commercialization or market acceptance; PlusAI’s historical net losses and limited operating history; PlusAI’s expectations regarding future financial performance, capital requirements and unit economics; PlusAI’s use and reporting of business and operational metrics; PlusAI’s competitive landscape; PlusAI’s dependence on members of its senior management and its ability to attract and retain qualified personnel; the capital requirements of PlusAI’s business plans and the potential need for additional future financing; PlusAI’s ability to manage growth and expand its operations; potential future acquisitions or investments in companies, products, services or technologies; PlusAI’s reliance on strategic partners and other third parties; PlusAI’s ability to maintain, protect and defend its intellectual property rights; risks associated with privacy, data protection or cybersecurity incidents and related regulations; the use and regulation of artificial intelligence and machine learning; uncertainty or changes with respect to laws and regulations; uncertainty or changes with respect to taxes, trade conditions and the macroeconomic environment; the combined company’s ability to maintain internal control over financial reporting and operate a public company; the possibility that required regulatory approvals for the proposed transaction are delayed or are not obtained, which could adversely affect the combined company or the expected benefits of the proposed transaction; the risk that shareholders of Churchill IX could elect to have their shares redeemed, leaving the combined company with insufficient cash to execute its business plans; the occurrence of any event, change, or other circumstance that could give rise to the termination of the business combination agreement; the outcome of any legal proceedings or government investigations that may be commenced against PlusAI or Churchill IX; failure to realize the anticipated benefits of the proposed transaction; the ability of Churchill IX or the combined company to issue equity or equity-linked securities in connection with the proposed transaction or in the future; and other factors described in Churchill IX’s filings with the SEC. Additional information concerning these and other factors that may impact such forward-looking statements can be found in filings and potential filings by PlusAI, Churchill IX or the combined company resulting from the proposed transaction with the SEC, including under the heading “Risk Factors.” If any of these risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, these statements reflect the expectations, plans and forecasts of PlusAI’s and Churchill IX’s management as of the date of this communication; subsequent events and developments may cause their assessments to change. While PlusAI and Churchill IX may elect to update these forward-looking statements at some point in the future, they specifically disclaim any obligation to do so. Accordingly, undue reliance should not be placed upon these statements.

In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this communication, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.

An investment in Churchill IX is not an investment in any of our founders’ or sponsors’ past investments, companies or affiliated funds. The historical results of those investments are not indicative of future performance of Churchill IX, which may differ materially from the performance of our founders’ or sponsors’ past investments.

Participants in the Solicitation

Churchill IX, PlusAI and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from Churchill IX’s shareholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Churchill IX’s shareholders in connection with the proposed transaction will be set forth in proxy statement/prospectus/consent solicitation statement when it is filed by Churchill IX with the SEC. You can find more information about Churchill IX’s directors and executive officers in Churchill IX’s final prospectus related to its initial public offering filed with the SEC on May 1, 2024 and in the Annual Reports on Form 10-K filed by Churchill IX with the SEC. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus/consent solicitation statement when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus/consent solicitation statement carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources described above.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

PlusAI Launches Southern Europe’s First Autonomous Trucking Program with IVECO

WASHINGTON (AP) — Outdated intelligence likely led to the United States carrying out a deadly missile strike on an elementary school in Iran that killed over 165 people, many of them children, in the opening hours of the conflict, according to a U.S. official and a second person briefed on findings of a preliminary U.S military investigation into the incident.

The bombing of the school and its casualties involving children has become a focal point of the war, and if ultimately confirmed to be at the hands of the U.S., would also stand among the highest civilian casualty events caused by the American military operations in the last two decades.

President Donald Trump initially blamed Iran for the attack, later said he wasn’t certain who was to blame, and then said he would accept the results of the Pentagon’s investigation. The issue took on added urgency on Wednesday after the New York Times first reported that a preliminary investigation found that the U.S. was responsible.

U.S. Central Command relied on target coordinates for the strike using outdated data provided by the Defense Intelligence Agency, according to the person familiar with the preliminary finding.

The agency did not respond to a request for comment.

The preliminary finding prompted immediate calls for more information from the Pentagon. White House press secretary Karoline Leavitt said that “the investigation is still ongoing.”

Both the U.S. official and the person familiar with the matter spoke to The Associated Press on the condition of anonymity to discuss the sensitive matter.

Dozens of Democratic senators demanded answers from the Trump administration on Wednesday as a growing body of evidence suggested that the U.S. was likely responsible for a strike at an elementary school in Iran that killed over 165 people, many of them children.

The letter from more than 45 senators pressed Defense Secretary Pete Hegseth on whether the U.S. was culpable for the strike and what previous analysis of the building had been done. The senators also raised concerns about the Pentagon hollowing-out a congressionally mandated office set up specifically to reduce civilian casualties.

“Under this administration, budgetary and personnel cuts at the Department have robbed military commands of crucial resources to prevent and respond to civilian casualties,” the senators wrote. Those include cuts at U.S. Central Command, whose forces are leading the military campaign against Iran, and the Civilian Protection Center of Excellence, which was signed into law in 2022 as part of a Pentagon ambition to reduce death tolls from strikes.

The revelation could threaten to erode public support in the U.S. effort against Iran at a time when Trump, who as a candidate railed against American involvement in “stupid” overseas wars, faces persistent questions about the purpose and of the conflict and what would bring it to an end.

One former Pentagon official said the Feb. 28 strike that hit Shajareh Tayyebeh Elementary School, which is located near a neighboring base for the Iranian Revolutionary Guard, came as a natural result of changes made by the Trump administration to reduce staff to mitigate civilian harm and Hegseth’s emphasis on lethality over legality.

There are several indications that the strike on the school may have been avoidable.

It happened Saturday morning, the start of the Iranian school week, when the building was full of young children. Satellite analysis by the AP shows that the school, as well as other targets struck the same day, had characteristics visible from the air that could have identified them as civilian sites before they were struck.

The AP reported last week that satellite images, expert analysis, a U.S. official and public information released by the U.S. military all suggested it was likely a U.S. strike. That evidence grew stronger on Monday, as new footage emerged showing what experts identified as a U.S.-made Tomahawk cruise missile slamming into the military compound as smoke was already rising from the area where the school was located.

Publicly available satellite imagery shows the school building was part of the military compound until about 2017, when a new wall was added to separate the two. A watchtower on the property was also removed. Around the same time, the imagery shows the walls surrounding the building were painted with murals in vibrant colors, primarily blue and pink, so bright they're visible from space

The school was clearly labeled as such in online maps and has an easily-accessible website full of information about students, teachers and administrators.

International law governing warfare bars strikes on structures, vehicles and people that are not military objectives and combatants. Civilian homes, schools, medical facilities and cultural sites are generally off limits for military strikes. The proximity of a school to a valid military target does not change its status as a civilian site, said Elise Baker, a senior staff lawyer at the Atlantic Council, a Washington-based nonprofit think tank.

If the U.S. is found responsible, said Sen. Tim Kaine during a briefing with journalists on Wednesday: “It’s either we’ve changed our traditional targeting rules or we made a mistake.”

“If we’ve changed our traditional targeting rules and we no longer provide the same level of protection for civilians, that would be tragic,” Kaine said.

Some Republicans, too, are sounding alarms.

Sen. Kevin Cramer of North Dakota told reporters that an investigation needs to “get to the bottom of it,” and then “admit if you know whose fault it is.”

If the U.S. was behind it, Cramer said, the military must “do everything you can to eliminate those mistakes going forward.”

He added: “But you also can’t undo it.”

Congress directed the Pentagon to create the Civilian Protection Center of Excellence in late 2022 as part of the wide-ranging annual defense authorization bill, which passed both chambers with broad bipartisan support. The bill said the center was to “institutionalize and advance knowledge, practices, and tools for preventing, mitigating, and responding to civilian harm.”

The measure put into law an initiative that had already been started by Defense Secretary Lloyd Austin earlier that year. The 36-step action plan was “ambitious and necessary,” Austin said at the time.

In April 2023, that office had a full-time director hired by the Army and an initial core staff of 30 civilians, according to a 2024 Pentagon report that said that the workforce was expected to grow.

Wes Bryant began working there in 2024 as the Branch Chief of Civil Harm Assessments. One of the things the office was discussing was updating the “no strike list,” he said, a series of civilian targets in other countries that the Pentagon keeps. When he was working at the Pentagon, it was well known that the list was out-of-date, he said. But under Hegseth, the office's size was slashed and the work on updating the no-strike lists stopped, he said.

“They have no budget. They're just sitting there trying to maintain any semblance of the mission,” he said.

Capt. Tim Hawkins, the spokesman for U.S. Central Command, denied reports that the military command only had a single person assigned to the mission but would not offer any further details, citing the ongoing investigation.

Frankel reported from Jerusalem. Associated Press writers Mary Clare Jalonick, Konstantin Toropin and Joey Cappelletti in Washington contributed to this report.

The arm of a deceased person is seen protruding from the rubble as rescue workers and residents search in the aftermath a strike on a girls' elementary school in Minab, Iran, Saturday, Feb. 28, 2026. (Abbas Zakeri/Mehr News Agency via AP)

Rescue workers and residents search through the rubble in the aftermath of a strike on a girls' elementary school in Minab, Iran, Saturday, Feb. 28, 2026. (Abbas Zakeri/Mehr News Agency via AP)

Rescue workers and residents search through the rubble in the aftermath of a strike on a girls' elementary school in Minab, Iran, Saturday, Feb. 28, 2026. (Abbas Zakeri/Mehr News Agency via AP)

Rescue workers and residents search through the rubble in the aftermath of a strike on a girls' elementary school in Minab, Iran, Saturday, Feb. 28, 2026. (Abbas Zakeri/Mehr News Agency via AP)

Rescue workers and residents search through the rubble in the aftermath of a strike on a girls' elementary school in Minab, Iran, Saturday, Feb. 28, 2026. (Abbas Zakeri/Mehr News Agency via AP)