Hyperloop to go public via a SPAC merger with Fusion Acquisition.

Hyperloop, a transportation and technology company focused on realizing the hyperloop, agreed to go public via a SPAC merger with Fusion Acquisition, a special purpose acquisition company. Financial terms were not disclosed. “With Fusion we believe we have found the right partner at the right time. We see the LOI with Fusion as the next major step in achieving our mission with HyperloopTT. That mission has always included the public, starting with our collaborative crowdsourcing model and now moving closer towards becoming a public company. This business combination is expected to accelerate the arrival of sustainable high-speed transportation. We hope to be at the epicenter of sustainable, safe, clean, and quick mass transit in the years to come," Andres de Leon, Hyperloop CEO.