PlusAI has moved a step closer to becoming a publicly traded company, filing registration documents with the US Securities and Exchange Commission for its proposed merger with special purpose acquisition company Texas Ventures Acquisition III Corp.
The transaction, first announced in September, values autonomous driving technology developer PlusAI at approximately $800 million in pre-money equity value and could provide the company with up to approximately $300 million in capital.
PlusAI says the funding will support its plans for the commercial launch of factory-built autonomous trucks powered by its SuperDrive virtual driver software, targeted for 2027. [Read more…] about PlusAI moves closer to Nasdaq listing as it targets 2027 autonomous truck launch
