(HCIC), (TSP) - Autonomous Trucking Company Plus Announces SPAC Deal: What Investors Should Know
Share: A company hoping to disrupt the massive semitruck market announced a SPAC deal Monday, with plans to launch autonomous trucks in 2021. The SPAC Deal: Plus, formerly known as Plus.ai, announced a SPAC deal with Hennessy Capital Investment Corp V (NASDAQ: HCIC). The deal values the company at an enterprise value of $2.47 billion and includes a $150-million PIPE. Shares of Plus will trade as "PLAVV" on the NYSE if the merger is approved. Current HCIC shareholders will own 13% of the new company. About Plus: Plus is working on mass production-ready, low-cost Level 4 autonomous driving tec...
Source: benzinga.com