TuSimple is leaving the Nasdaq as it exits the US

Source: techcrunch.com techcrunch.com

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Chinese autonomous trucking startup TuSimple will delist itself from the Nasdaq stock exchange as it moves forward with its plan to fully exit the U.S. market. The company announced Wednesday that it will file what’s known as a Form 25 on (or around) January 29 to deregister its stock, and expects the shares to trade until about February 7. TuSimple says it is choosing to take itself off the stock exchange for a few reasons. A special committee made up of independent directors said the company’s “valuation and liquidity have declined” while the volatility of its stock price “has increased...