CreateAI Holdings Rejects Unsolicited Proposal from Steel Partners and Camac Partners
12/31/24, 10:34 PM
Location
san diegoIndustry
natural language processing
machine learning
artificial intelligence
information technology
Type
partnership
CreateAI Holdings Inc., formerly known as TuSimple, rejected an unsolicited proposal from Steel Partners Holdings L.P. and Camac Partners LLC to acquire all the shares they do not already own. The Board of Directors determined that the proposal did not reflect the fair market value of the company and was not in the best interests of the Company and its stockholders.
Company Info
Location
san diego, california, united states
Additional Info
CreateAI Holdings Inc. is a global artificial intelligence technology company that focuses on innovative solutions in the AI sector. Previously known as TuSimple Holdings Inc., the company has undergone a rebranding to better reflect its vision and mission. With a significant number of shares outstanding, CreateAI actively engages in corporate governance and investor participation. The company aims to leverage AI advancements to drive growth and development in various industries.