Lowenstein Sandler represented Cohen & Company Capital Markets as exclusive financial advisor, lead capital markets advisor, and sole placement agent in the public listing of PlusAI through its business combination with special purpose acquisition company (SPAC) Texas Ventures Acquisition III Corp, valuing the company at $800 million. PlusAI is a global physical AI company pioneering AI-based virtual driver software for factory-built autonomous trucks. Texas Ventures Acquisition III Corp is a blank check company formed for the purpose of effecting a merger with one or more businesses.
News of PlusAI’s SPAC deal has also been covered in Law360, Reuters, and Bloomberg. (subscription required to access some articles)
The Lowenstein team included Daniel L. Forman and Victoria Jin.
