Driverless Truck Startup Plus to List in $3.3 Billion Deal (1)

Self-driving truck startup Plus agreed to merge with special purpose acquisition company Hennessy Capital Investment Corp. V, becoming the latest developer of autonomous vehicles to seek a public listing via a blank-check firm.

The combined company is set to have a market value of about $3.3 billion, Plus said in a statement Monday, confirming an earlier Bloomberg News report. It is raising $150 million from investors including BlackRock Inc. and D.E. Shaw & Co. through a so-called private investment in public equity, or PIPE deal.

A Plus self-driving truck.

Source: Plus

Plus’s existing shareholders will roll over all their holdings and are expected ...