UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 8.01. Other Events.
TuSimple Holdings Inc. (the “Company) announced today that its Board of Directors (the “Board”), with full support from its management team, intends to explore opportunities for transactions or partnerships at a subsidiary level for its Asia-Pacific-focused businesses. The Board believes that such a transaction can highlight value in the Company’s Asia-Pacific-focused businesses and enhance overall value for shareholders. This exploratory process does not currently expect to explore a divestiture or a similar transaction for any of its businesses or subsidiaries.
This process is at a preliminary stage and no assurances can be made regarding the nature of a potential transaction, if any.
Special Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains “forward-looking statements” that involves risks, uncertainties and assumptions. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects” and similar references to future periods. These forward-looking statements include statements regarding a transaction at a subsidiary level for the Company’s Asia-Pacific-focused business. Forward-looking statements are based on the Company’s current expectations and assumptions regarding its business, the economy and other future conditions. Since forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. The Company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements are described more fully in documents filed with or furnished to the Securities and Exchange Commission (“SEC”), including the Company’s Form 10-K for the year ended December 31, 2021 filed with the SEC on February 24, 2022, which the Company incorporates by reference into this Current Report on Form 8-K. Any forward-looking statement made by the Company in this Current Report on Form 8-K speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TuSimple Holdings Inc. | ||
| By: | /s/ James Mullen | |
| James Mullen | ||
| Chief Legal and Administrative Officer | ||
Dated: March 21, 2022