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News, Analysis & Perspective on Autonomous Vehicles

Self-driving truck startup Plus, Hennessy Capital pull merger on regulatory uncertainty

Nov 8 (Reuters) – Self-driving truck startup Plus and blank-check company Hennessy Capital Investment Corp V (HCIC.O) have called off their merger, the companies said on Monday, citing developments in the regulatory environment outside the United States.

In May, Plus said it would go public through a merger with Hennessy, in a deal that valued the startup at $3.3 billion.

https://www.reuters.com/business/autos-transportation/self-driving-truck-startup-plus-hennessy-capital-pull-merger-regulatory-2021-11-08/

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