Auto driving truck company Zhijia technology announced its approval of merger and listing


Plus has signed a formal merger agreement with Hennessy Capital Investment Corp. V (HCIC V), a special purpose acquisition company (SPAC). After the merger, plus will become a listed company and is expected to be listed on the New York Stock Exchange using the stock code “plav”.
According to the terms of the transaction, the market value of the company after the merger is about US $3.3 billion, and it will obtain about US $500 million in new financing, of which about US $150 million comes from the pipe investment made by the investors of international famous funds including BlackRock, D.E. Shaw, etc. according to the transaction valuation, and US $345 million comes from the financing of the listing of hcicv. Goldman Sachs serves as the exclusive financial adviser of Zhijia technology, while Barclays serves as the financial and capital market adviser of HCIC v. at the same time, Goldman Sachs and Barclays serve as the placement agents of pipe financing.
It is reported that the merged HCV will formally submit the listing documents to the US Securities and Exchange Commission (SEC) in the near future.