Transfix to go public via merger with G Squared Ascend I in a $1.1bn deal.

Transfix, a digital freight platform, agreed to go public via merger with G Squared Ascend I, a special purpose acquisition company sponsored by affiliates of G Squared, in a $1.1bn deal. "We are thrilled to be partnering with G Squared on this significant milestone. They have been incredible partners who share our excitement about the opportunity ahead, and who bring invaluable expertise in and knowledge of our rapidly growing sector. With this transaction, Transfix is well-positioned to accelerate growth and innovation to drive our impact at scale. We are at the beginning of a new era for the freight industry," Lily Shen, Transfix CEO and President.