(DSKE), (GOEV) - Plus Scores SPAC Deal As Wall Street Sizes Up TuSimple Prospects
Share: 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 2017 and more recently backed startup electric vehicle maker Canoo Inc. (NASDAQ: GOEV) am...
Source: benzinga.com