Self-driving truck software developer Plus signed a definitive agreement Monday to merge with special purpose acquisition company (SPAC) Hennessey Capital V in a deal expected to bring $500 million in cash and a $3.3 billion valuation to Plus in Q3.
Hennessey is a veteran creator of shell companies funded by “blank check” investors seeking to profit from merging with a startup or early-stage company. Hennessey sponsored the public debuts of flatbed logistics company Daseke Inc. (NASDAQ: DSKE) in...
https://www.freightwaves.com/news/plus-scores-spac-deal-as-wall-street-sizes-up-tusimple-prospects