TuSimple co-founder demands liquidation, sues company for control of his shares
TuSimple co-founder demands liquidation, sues company for control of his shares Xiaodi Hou, the co-founder and former CEO of self-driving truck startup TuSimple, is demanding that the board immediately liquidate the company and return all remaining funds — roughly $450 million — to shareholders “on a pure pro-rata basis, regardless of share class,” according to a letter that TechCrunch has viewed.  Hou is also suing TuSimple […]

Source: TechCrunch, Wed, 27 Nov 2024 16:48:45 +0000