PlusAI and Texas Ventures Acquisition III Corp Announce Filing of Registration Statement on Form S-4 in Connection with Proposed Business Combination
Business Wire•13/10/2026•08:00 ET
0
Key Highlights
- ➤Form S-4 filed, advancing PlusAI’s proposed Texas Ventures III business combination
- ➤Transaction values PlusAI at approximately $800 million pre-money equity value
- ➤Proposed deal supported by up to approximately $300 million capital
- ➤PlusAI targets 2027 commercial launch of factory-built autonomous trucks
- ➤HyperFoundry generated $25 million revenue year-to-date
Expert Statements
David Liu, Co-Founder and Chief Executive Officer of PlusAI
“This filing is another important step toward completing our business combination and becoming a publicly traded company.”
David Liu, Co-Founder and Chief Executive Officer of PlusAI
“We remain focused on execution as we advance SuperDrive toward the targeted 2027 commercial launch of factory-built autonomous trucks with our global OEM partners.”
David Liu, Co-Founder and Chief Executive Officer of PlusAI
“At the same time, HyperFoundry is generating revenue today by monetizing the proprietary Physical AI capabilities we have built over a decade.”
David Liu, Co-Founder and Chief Executive Officer of PlusAI
“We believe the public markets can provide PlusAI with the capital and platform to execute our commercialization roadmap and build a global leader in Physical AI.”
PlusAI and Texas Ventures Acquisition III Corp Announce Filing of Registration Statement on Form S-4 in Connection with Proposed Business Combination
S-4 filing marks an important milestone toward completion of the previously announced business combination
Get started
Create a free account to read the full story.