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

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.

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