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NEW YORK, Oct. 11, 2022 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP, a nationally recognized investor rights law firm, is reminding investors of the deadline for filing a motion by lead plaintiff in a securities class action lawsuit filed on behalf of investors owning the common stock of TuSimple Holdings Inc. (“TuSimple” or the “Company”) (NASDAQ: TSP) pursuant to and/or traceable to the issued registration statement and prospectus (collectively, the “Registration Statement”) or otherwise acquired in connection with TuSimple’s IPO on April 15, 2021 (“IPO”); and/or purchased or otherwise acquired TuSimple Securities between April 15, 2021 and August 1, 2022, both dates inclusive (the “Collection Period”). The lawsuit was filed in the United States District Court for the Southern District of California alleging violations of the Securities Act of 1933 and the Securities Exchange Act of 1934.

TuSimple develops autonomous technology specifically designed for semi-trucks in the United States and internationally. The Company is developing a line of purpose-built Level 4 (“L4”) autonomous semi-trucks for the North American market. The Company operates its Autonomous Freight Network (“AFN”) L4 autonomous trucks equipped with its autonomous driving technology. According to TuSimple, AFN is an ecosystem consisting of L4 autonomous trucks, high-resolution digitally mapped routes, terminals, and TuSimple Connect, a cloud-based system for monitoring autonomous operations.

On April 15, 2021, TuSimple completed its IPO and sold 33.8 million Class A common shares at $40 per share for gross proceeds of $1.031 billion.

The plaintiff alleges that the statements made by the defendants in the registration statement …