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Freight Startup Transfix Said in Talks to Go Public Via SPAC (1)

Dec. 1, 2020, 6:01 PM

Transfix, a logistics startup that operates a freight marketplace, is in talks to go public through a merger with a blank-check firm, Tuscan Holdings Corp. II, according to a person with knowledge of the matter.

Transfix and Tuscan are in exclusive negotiations, with terms yet to be finalized, said the person, who asked not to be identified because the discussions are private. No deal has been reached and it’s possible that talks could fall apart.

Tuscan shares rose as much as 6.9% on news of the potential deal, before paring that gain to 5.6% at 12:59 p.m. in ...

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