PlusAI Agrees to Go Public Through Business Combination with Texas Ventures Acquisition III

FORT Robotics to Go Public via Business Combination with Newbury Street II Acquisition Corp

August 18, 2026

Cybersecurity

FORT Robotics entered into a definitive business combination with Newbury Street II Acquisition Corp to become a publicly traded company, valuing the combined entity at an implied pro-forma enterprise value of $556.6 million. The deal is expected to close in Q4 2026 and is designed to accelerate product development across safety intelligence, observability, and cybersecurity, as well as expand go-to-market and targeted acquisitions.

EigenQ to Go Public via Business Combination with Silicon Valley Acquisition Corp.

June 17, 2026

Cloud & SaaS

EigenQ entered into a definitive business combination agreement with Silicon Valley Acquisition Corp. (SVAQ) to take EigenQ public. The transaction is expected to value EigenQ at an approximately $3 billion pro forma enterprise value and close in the fourth quarter of 2026, subject to customary approvals and SEC review.

Terra Quantum to Go Public via Business Combination with Axiom Intelligence Acquisition Corp 1

May 27, 2026

AI & Machine Learning

Terra Quantum AG entered a definitive business combination agreement with Axiom Intelligence Acquisition Corp 1 to take the quantum technology company public on Nasdaq under the ticker symbol “TQ.” The deal values Terra Quantum at an implied equity valuation of approximately $3.5 billion (and implied pro forma enterprise value of about $3.6 billion, assuming no redemptions).

SpaceX Acquires xAI

February 2, 2026

AI & Machine Learning

SpaceX has acquired xAI in a transaction reported to value the combined company at about $1.25 trillion. The deal is described as a vertical integration to combine SpaceX’s launch and satellite infrastructure with xAI’s AI model development capabilities, including ambitions for space-based data centers and orbital compute.

Churchill Capital Corp IX to Merge with PlusAI (Plus Automation)

January 12, 2026

AI & Machine Learning

Churchill Capital Corp IX (NASDAQ: CCIX) and Plus Automation, Inc. (PlusAI) announced a proposed business combination, with the SEC-declared-effective S-4 serving as a key step toward completion. The SPAC scheduled/rescheduled an extraordinary general meeting of shareholders to vote on the merger, with Nasdaq listing anticipated for the post-combination company under ticker symbols “PLS” and “PLSW.”

Metropolis Technologies Acquires SP Plus Corporation for $1.5 Billion

October 5, 2023

Transportation

Metropolis Technologies agreed to acquire SP Plus Corporation for $54.00 per share in cash, implying an enterprise value of approximately $1.5 billion. The transaction is financed with $1.7 billion of committed equity and debt financing led by Eldridge and 3L Capital (among others) and is expected to close in 2024, subject to regulatory and shareholder approvals.