Self-Driving Truck Technology Autonomous driving system co “Plus”
Plus plans to merge with Hennessy Capital Investment Corp. V, which is based in California and China, that would give the new company a market capitalization of roughly $3.3 billion.
Autonomous Trucking Technology Company Plans to Start Mass Production in 2021
Proprietary Full-Stack Level 4 (“L4”) Software is Behind the Decision-Making Required to Autonomously, Safely and Intelligently Drive the Vehicle
Post-Combination Represents Market Capitalization of $3.3 Billion for Plus
Plus to Add Up to Approximately $500 Million in Gross Proceeds to Accelerate Commercialization and Expand Global Operations
Transaction Supported by $150 Million PIPE, Including Investments From Funds and Accounts Managed by BlackRock and the D. E. Shaw Group, Among Other Institutional Investors