Plus, a developer of self-driving trucks based in the U.S. and China, said on Monday it would go public through a merger with special purpose acquisition company Hennessy Capital V. The transaction would bring the company $500 million and a valuation of $3.3 billion. The company said the deal is expected to close in the third quarter and marks the second autonomous truck developer to go...
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Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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