TSP
TuSimple Holdings Inc. Class A Common Stock
Delisted
TSP was delisted on the 6th of February, 2024.
About: TuSimple Holdings Inc is an autonomous technology company in the global truck freight market. It has developed a technology for semi-trucks to build the Autonomous Freight Network (AFN) in partnership with shippers, carriers, railroads, freight brokers, fleet asset owners, and truck hardware partners. The company recognizes revenue from providing freight capacity services. TuSimple's two reportable geographic segments are the U.S. and APAC.
Employees: 1,058
Financial journalist opinion
Negative
TechCrunch
5 months ago
TuSimple drama heats up ahead of pivotal shareholder meeting
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.
Neutral
Business Wire
5 months ago
TuSimple Co-Founder and Largest Investor Issues Letter to Stockholders
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 personal commitment into making TuSimple a world leader in autonomous driving. Like many of you, I invested i.
Neutral
Business Wire
5 months ago
Steel Partners and Camac Partners Send Letter to TuSimple Proposing to Acquire Company for $0.46 per Share in Cash
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 TuSimple that they do not currently own for $0.46 per share. The full text of the letter is below. Novemb.
Negative
TechCrunch
6 months ago
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.
Neutral
Business Wire
6 months ago
TuSimple Co-Founder and Largest Investor Sends Letter to the Board of Directors Demanding Immediate Liquidation of the Company
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 seven years building TuSimple Holdings Inc. (“TuSimple” or the “Company”) and its largest shareholder.
Neutral
Business Wire
7 months ago
Robbins Geller Rudman & Dowd LLP and Kahn Swick & Foti, LLC Announce Proposed Settlement in the TuSimple Securities Settlement
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. TUSIMPLE HOLDINGS, INC., et al., Defendants. Cas.
Negative
TechCrunch
8 months ago
A fight is brewing as TuSimple tries to move $450M to China and pivot from self-driving trucks to AI animation
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.
Neutral
PRNewsWire
9 months ago
TuSimple Expands into Generative AI for Animation and Video Games with "The Three-Body Problem" Partnership
TuSimple has signed a partnership with Shanghai Three Body Animation to develop the first animated feature film and video game based on the Hugo Award-winning science fiction novel series "The Three-Body Problem." Leveraging its existing capabilities, TuSimple's newly created business segment will focus on generative AI applications in animation and video games.
Neutral
Business Wire
11 months ago
Camac Partners Calls on TuSimple to Take Long Overdue Step of Monetizing Remaining Assets and Returning Capital to Shareholders
NEW YORK--(BUSINESS WIRE)--Camac Partners, LLC (together with its affiliates, “Camac”), a 5.6% shareholder of TuSimple Holdings Inc. (OTCMKTS: TSPH) (“TuSimple” or the “Company”), today released a letter it recently sent to the Company's Board of Directors (the “Board”). *** May 30, 2024 TuSimple Holdings Inc. Attn: The Board of Directors Dear TuSimple Board of Directors, We are a major independent shareholder of TuSimple, owning approximately 5.6% of the Company. In our view, maintaining the C.
Neutral
PRNewsWire
11 months ago
TuSimple Reaches Settlement Agreement With the Committee on Foreign Investment in the United States
SAN DIEGO , May 29, 2024 /PRNewswire/ -- TuSimple Holdings Inc. (OTCMKTS: TSPH) ("TuSimple" or the "Company"), a global autonomous driving technology company, today announced it has reached a settlement agreement with the Committee on Foreign Investment in the United States ("CFIUS") relating to events that occurred in 2022. These events include the temporary vacancies in the security director position and on the board's government security committee (reconstituted on January 5, 2023), and whether certain covered intellectual property was transferred contrary to the national security agreement.
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