Han Kun advises Guotai Junan International on Plus's de-SPAC combination and listing
May, 2021 - Beijing, Mainland China
On May 10, 2021, Plus (formerly Plus.ai) announced its entry into a definitive business combination agreement with Hennessy Capital Investment Corp. V (NASDAQ: HCIC), a publicly traded special purpose acquisition company (SPAC). Upon closing, Plus will be a publicly traded company and its common stock is expected to trade on the NYSE under the ticker symbol "PLAV". The transaction represents a post-combination market capitalization of approximately $3.3 billion for Plus upon closing.
Han Kun advised Guotai Junan International Holdings Limited on Plus's de-SPAC combination and listing. Previously, Han Kun advised Guotai Junan International on its equity investment in Plus.
Plus is an autonomous driving technology company founded in 2016 with R&D capabilities in full-stack L4 autonomous driving technology.
