PlusAI to go public via merger with Texas Ventures Acquisition III for ~$800m
PlusAI has agreed to go public through a merger with Texas Ventures Acquisition III Corp (NASDAQ:TVA). The deal values the autonomous trucking software developer at about $800 million in pre-money equity value, the companies said.
PlusAI has agreed to go public through a merger with blank-check firm Texas Ventures Acquisition III Corp NASDAQ:TVA in a deal valuing the autonomous trucking software developer at about $800 million in pre-money equity value, the companies said on Thursday. The transaction comes as self-driving truck companies continue to seek public listings through merger deals.