Along with the hundreds of announced SPAC mergers and closed deals in 2021 came a handful of SPAC deals that were terminated. Here’s a look at what it means for the SPACs that called off mergers. What Happened: SPACs can terminate deals for numerous reasons including a change in valuation sentiment, missing deadlines or news items coming from the acquisition target. When SPACs call off deals, they lose the time and money spent to research and attempt to close a deal. The termination also sends the team back to the drawing board to try and find a new acquisition target. SPACs have a deadline date to meet, which is typically 24 months from its IPO date. With deals called off, many companies

WILSON, Wyo., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Hennessy Capital Investment Corp. V (the "Company") (NASDAQ:HCIC), announced today that it has canceled its special meeting of stockholders that was previously scheduled for 3:00 PM Eastern time on December 21, 2022, and that, due to its inability to complete an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation, the Company intends to dissolve and liquidate, effective as of the close of business on December 21, 2022, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the "Public Shares")

Hennessy Capital Investment Corp. V (NASDAQ:HCIC) ("HCIC V" or "Hennessy Capital"), a publicly traded special purpose acquisition company, and Plus (formerly Plus.ai), a global provider of self-driving truck technology, announced today that the companies have mutually agreed to terminate their previously announced Merger Agreement and Plan of Reorganization, effective immediately, given the November 8, 2021 "outside date" set forth in the Merger Agreement. In light of recent developments in the regulatory environment outside of the United States, Plus is pursuing a potential restructuring of certain aspects of its business, after which HCIC V and Plus may enter into discussions with respect

Bosch Veteran Hired to Accelerate European Expansion Plus (formerly Plus.ai), a global provider of self-driving truck technology, announced that the company is expanding its business presence into Europe. Plus has hired Bosch veteran and German native Sun-Mi "Sunny" Choi as Senior Director of Business Development to accelerate its European expansion as the company grows its global footprint. Choi will help deepen existing and future collaboration with truck manufacturers, suppliers, and other Europe-based partners. Plus has already started global customer deployment of its autonomous trucking technology this year. This press release features multimedia. View the full release here: https://

Plus (formerly Plus.ai), a global provider of self-driving truck technology, announced today that the company has been elected to the Board of Directors of PAVE, an industry coalition with the mission to educate policymakers and the public about the potential of automated vehicles. Wiley Deck, Vice President of Government Affairs and Public Policy at Plus, will represent the company on the Board. As the only Level 4 autonomous trucking technology company that has already started delivering a commercial autonomous driving solution to customers, Plus will work with industry leaders to deepen the understanding of the benefits that automated trucks can offer today and in the future, including i

New pre-orders from Rokin and Duckbill for autonomous trucks add to Plus's commercialization momentum Plus (formerly Plus.ai), a global provider of self-driving truck technology that recently disclosed its proposed business combination with Hennessy Capital Investment Corp. V (NASDAQ:HCIC), announced today that Plus has delivered the initial production batch of PlusDrive autonomous driving units to FAW in order for FAW to integrate the units and launch China's first driver-in autonomous trucks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210929005312/en/(Photo: Business Wire) The delivery is part of an agreement with FAW in w

Plus (formerly Plus.ai), a global provider of self-driving truck technology that recently disclosed its proposed business combination with Hennessy Capital Investment Corp. V (NASDAQ:HCIC), announced today that it will collaborate with Teledyne FLIR, LLC on a development project to explore the addition of thermal cameras to the sensor stack used with Plus's Level 4 autonomous driving technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210908005297/en/Dense Smoke View (Photo: Business Wire) Plus takes a multi-modal sensor approach and currently uses lidar, cameras, and radar to provide trucks powered by its autonomous drivi

Driverless Truck Was Operated 100% Autonomously Without a Human Driver or Teleoperator Plus (formerly Plus.ai), a global provider of self-driving truck technology that recently announced its proposed business combination with Hennessy Capital Investment Corp. V (NASDAQ:HCIC), revealed today that it has completed a driverless Level 4 truck demonstration on a highway. The driverless semi truck was operated using Plus's Level 4 autonomous driving technology, without a safety driver, teleoperator, or any other forms of human intervention. This represents a significant milestone for the autonomous trucking industry and for Plus, which demonstrated the company's first driverless Level 4 heavy tr

Plus is the only company to be recognized for this distinction in autonomous trucking technology development The commercial readiness of PlusDrive and its demonstrated benefits of improved safety, fuel efficiency, and sustainability for Class 8 trucks edged the company to its winning position This is the second award for Plus this year, the first of which is the 2021 CES Innovation Award Honoree Plus (formerly Plus.ai), a global provider of self-driving truck technology, announced today that it has won the 2021 RBR50 Robotics Innovation Award for its driver-in, supervised autonomous driving system, PlusDrive. PlusDrive is recognized for its readiness for commercial deployment to truc

Plus (formerly Plus.ai) ("Plus") today announced the confidential submission on Friday, June 25 with the U.S. Securities and Exchange Commission (the "SEC") of a draft registration statement on Form F-4 (the "Registration Statement") relating to its previously announced business combination with Hennessy Capital Investment Corp. V (NASDAQ:HCIC) ("Hennessy Capital"), a publicly traded special purpose acquisition company (or SPAC). The Registration Statement was submitted by Plus Inc., ("New Plus"), currently a wholly owned subsidiary of Plus, which is expected to be the publicly traded entity for the combined company. Shares and warrants of the combined company are expected to be listed on t

Plus (formerly Plus.ai), a global provider of self-driving truck technology, announced that Lynn Miller has joined the company as General Counsel. Miller will serve as a trusted advisor to the Plus management team and Board and lead the company's legal function. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210622005314/en/Lynn Miller Joins Autonomous Trucking Technology Company Plus as General Counsel (Photo: Business Wire) Miller was previously Deputy General Counsel at Tesla, where she led Tesla's worldwide litigation strategy, response to government inquiries and investigations, and privacy program. In her role, she advised

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