CreateAI Holdings (formerly TuSimple) Board of Directors Unanimously Rejects Unsolicited Proposal from Steel Partners and Camac Partners
CreateAI Holdings (OTCMKTS: TSPH), formerly TuSimple Holdings, announced its Board of Directors has unanimously rejected an unsolicited acquisition proposal from Steel Partners Holdings L.P. and Camac Partners The proposal, received on November 27, 2024, offered to acquire all remaining shares at $0.46 per share.
The Board determined the offer significantly undervalued the company and was not in the best interests of shareholders. Board Chairman Cheng Lu emphasized the company's commitment to long-term value creation through its strategy of developing generative AI technologies and applying them to digital entertainment content production.
CreateAI Holdings (OTCMKTS: TSPH), precedentemente conosciuta come TuSimple Holdings, ha annunciato che il suo Consiglio di Amministrazione ha rejezzato all'unanimità un'offerta di acquisizione non richiesta da parte di Steel Partners Holdings L.P. e Camac Partners. L'offerta, ricevuta il 27 novembre 2024, prevedeva l'acquisto di tutte le azioni rimanenti a $0,46 per azione.
Il Consiglio ha ritenuto che l'offerta undervalutasse significativamente l'azienda e non fosse nel migliore interesse degli azionisti. Il Presidente del Consiglio Cheng Lu ha sottolineato l'impegno dell'azienda nella creazione di valore a lungo termine attraverso la sua strategia di sviluppo di tecnologie di intelligenza artificiale generativa e la loro applicazione nella produzione di contenuti di intrattenimento digitale.
CreateAI Holdings (OTCMKTS: TSPH), anteriormente conocido como TuSimple Holdings, anunció que su Junta Directiva ha rechazado unánimemente una propuesta de adquisición no solicitada de Steel Partners Holdings L.P. y Camac Partners. La propuesta, recibida el 27 de noviembre de 2024, ofrecía adquirir todas las acciones restantes a $0.46 por acción.
La Junta determinó que la oferta subestimaba significativamente a la compañía y no era de interés para los accionistas. El presidente de la Junta, Cheng Lu, enfatizó el compromiso de la empresa con la creación de valor a largo plazo a través de su estrategia de desarrollo de tecnologías de inteligencia artificial generativa y su aplicación en la producción de contenido de entretenimiento digital.
CreateAI Holdings (OTCMKTS: TSPH), 이전에 TuSimple Holdings로 알려진, 이사회가 Steel Partners Holdings L.P.와 Camac Partners의 비공식 인수 제안을 전원 일치로 거부했다고 발표했다. 2024년 11월 27일에 전달된 이 제안은 모든 남은 주식을 주당 $0.46에 인수하겠다는 내용이었다.
이사회는 해당 제안이 회사 가치를 크게 저평가하며 주주에게 최선의 이익이 아니라고 판단했다. 이사회 의장 Cheng Lu는 지속 가능한 가치를 창출하겠다는 회사의 약속을 강조하며, 생성적 AI 기술을 개발하고 이를 디지털 엔터테인먼트 콘텐츠 제작에 적용하겠다는 전략을 추진하고 있다고 밝혔다.
CreateAI Holdings (OTCMKTS: TSPH), anciennement connu sous le nom de TuSimple Holdings, a annoncé que son Conseil d'Administration a unanimement rejeté une proposition d'acquisition non sollicitée de Steel Partners Holdings L.P. et Camac Partners. La proposition, reçue le 27 novembre 2024, offrait d'acquérir toutes les actions restantes à 0,46 $ par action.
Le Conseil a déterminé que l'offre sous-évaluait considérablement l'entreprise et n'était pas dans le meilleur intérêt des actionnaires. Le président du Conseil, Cheng Lu, a souligné l'engagement de l'entreprise en faveur de la création de valeur à long terme grâce à sa stratégie de développement de technologies d'IA génératives et de leur application dans la production de contenus de divertissement numérique.
CreateAI Holdings (OTCMKTS: TSPH), zuvor bekannt als TuSimple Holdings, hat bekannt gegeben, dass der Vorstand einstimmig ein unaufgefordertes Übernahmeangebot von Steel Partners Holdings L.P. und Camac Partners abgelehnt hat. Das Angebot, das am 27. November 2024 einging, sah vor, alle verbleibenden Aktien zu einem Preis von 0,46 $ pro Aktie zu erwerben.
Der Vorstand stellte fest, dass das Angebot das Unternehmen erheblich unterbewertete und nicht im besten Interesse der Aktionäre war. Der Vorsitzende des Vorstands Cheng Lu betonte das Engagement des Unternehmens zur langfristigen Wertschöpfung durch die Entwicklung generativer KI-Technologien und deren Anwendung in der Produktion digitaler Unterhaltungsinhalte.
- Board's unanimous decision indicates strong confidence in company's intrinsic value
- Clear strategic focus on generative AI and digital entertainment content production
- Trading on OTC markets rather than major exchanges indicates potential market accessibility issues
- Unsolicited buyout offer at $0.46 per share suggests market values company at low levels
After careful and thorough consideration, the Board determined that the unsolicited proposal did not reflect an offer close to the fair market value of the company, and therefore determined it not to be in the best interests of the Company and its stockholders.
"Our Board is committed to driving long term value for all stockholders and regularly reviews our strategy and evaluates opportunities to achieve that goal," said Cheng Lu, Chairman of the Board. "We are confident that CreateAI has significant value creation potential. We believe that our integrated approach of developing generative AI technologies and applying our technologies to the production of digital entertainment content will enable us to be a leader in the industry."
About CreateAI
CreateAI (formerly TuSimple) is a global artificial intelligence company with offices in US,
Investor Relations Contact:
ICR for CreateAI
CreateAI.IR@icrinc.com
Media Contact:
Brad Burgess
ICR, LLC
CreateAI.PR@icrinc.com
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SOURCE CreateAI Holdings Inc
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