TuSimple Holdings Inc - Ordinary Shares - Class A Stock News

TuSimple Holdings said on Thursday it would rebrand as CreateAI and pivot from autonomous trucking to AI gaming technology, marking an attempt by the once-prominent self-driving truck startup to make a comeback.

TuSimple co-founder and former CEO Xiaodi Hou is on a war path in the lead up to Friday's annual shareholder meeting that will decide the makeup of the company's board of directors.

HOUSTON--(BUSINESS WIRE)--Dr. Xiaodi Hou, co-founder and largest investor of TuSimple Holdings Inc. (OTCMKTS: TSPH) (“TuSimple” or the “Company”), today issued an open letter to fellow TuSimple investors. The full text of the letter is below: *** Dear Fellow Stockholders, I write to you today not just as an investor, but as a co-founder who has poured seven years of passion, energy, and persona...

NEW YORK--(BUSINESS WIRE)--Steel Partners Holdings L.P. (“Steel”) and Camac Partners LLC (“Camac”), which together with their affiliates are shareholders of TuSimple Holdings Inc. (OTCMKTS: TSPH) (“TuSimple” or the “Company”), today released a letter they sent to the Company's Board of Directors (the “Board”) proposing to acquire all outstanding shares of Class A and Class B common stock of TuS...

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.

HOUSTON--(BUSINESS WIRE)--Dr. Xiaodi Hou, co-founder and largest investor of TuSimple Holdings Inc. (OTCMKTS: TSPH) (“TuSimple” or the “Company”), sent a letter to the Company's Board of Directors. The full letter is below: November 25, 2024 TuSimple Holdings Inc. 9191 Towne Centre Drive, Suite 150 San Diego, CA 92122 Attn: Board of Directors Dear Members of the Board, As a founder who invested...

SAN DIEGO--(BUSINESS WIRE)--The following statement is being issued by Robbins Geller Rudman & Dowd LLP and Kahn Swick & Foti, LLC regarding the TuSimple Securities Settlement: UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA AUSTIN DICKER, Individually and on Behalf of All Others Similarly Situated,                                              Plaintiff,                   vs.   TUS...

TuSimple, once a buzzy startup considered a leader in self-driving trucks, is trying to move its assets to China to fund a new AI-generated animation and video game business. The pivot has not only puzzled and enraged several shareholders, but also threatens to pull the company back into a legal morass mere weeks after reaching a preliminary settlement in a class action lawsuit.