TuSimple co-founder demands liquidation, sues company for control of his shares

  • Thread starter Thread starter Rebecca Bellan
  • Start date Start date
R

Rebecca Bellan

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 […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Continue reading...
 
You must log in or register to reply here.
Back
Top